IRF European Finance Investments Ltd

31 March 2010

IRF European Finance Investments Ltd.

("IRF" or the "Company")

Result of Annual General Meeting

The directors of IRF wish to announce that at the Company's Annual General Meeting held earlier today, all resolutions were duly passed.

Enquiries:

Angeliki Frangou, Chairperson                                    Tel:+30 (0)210 428 0564

Sheldon Goldman, Deputy Chairperson                      Tel:+1 (0)212 404 5740