IRF European Finance Investments Ltd. will hold its annual general meeting on 20 December 2006 at the offices of V&P Law Firm, 15 Filikis Eterias Square, 2nd Floor, 106 73 Athens, Greece at 3.00 p.m. Greek time (9.00 a.m. Bermuda time).

The notice convening this annual general meeting is being posted today to the Company's shareholders and warrant holders.

Copies of the notice are available, free of charge, from the Company's registered office and the office of Collins Stewart at 88 Wood Street, London EC2V 7QR until the conclusion of the annual general meeting.