28 November 2008

IRF European Finance Investments Ltd. ('IRF' or the 'Company')

Resignation of Director

The Company was informed on 27 November 2008 that John Karakadas has resigned as a director of the Company with effect from 28 November 2008.

For further information: 

IRF European Finance Investments Ltd 

Angeliki Frangou, Chairperson                Tel: +30 (0) 210 428 0560 

Numis Securities Limited 

Nick Westlake (Nomad)                            Tel: +44 20 7260 1000 

Alex Ham (Broker)