IRF European Finance Investments Ltd

('IRF' or the 'Company')

Notice of annual general meeting

IRF European Finance Investments Ltd will hold its annual general meeting on 31 March 2011 at the offices of the Investment Bank of Greece S.A., Ground Floor - Auditorium, Kifissias Avenue 24-A, 151 25 Marousi, Greece at 10am Greek time.

The notice convening this annual general meeting is being posted today to its shareholders.

Copies of the notice are available, free of charge, from the Company's registered office at Canon's Court, 22 Victoria Street, Hamilton, HM12, Bermuda and the office of Hogan Lovells International LLP at Atlantic House, Holborn Viaduct, London, EC1A 2FG until the conclusion of the annual general meeting.

A copy of the notice has also been published on the Company's website.

Enquiries

Angeliki Frangou, Chairperson

       Tel:+30 (0)210 428 0564

Sheldon Goldman, Deputy Chairperson

      Tel:+1 (0)212 404 5740