BOC is 13th largest in FTSE-Med 100 index

…Muskita replaces Vision in regional index

Bank of Cyprus is ranked in 13th place in the FTSE-Med 100 regional index of 100 stocks from Israel, Greece and Cyprus with a market cap of EUR 4.14 bln, according to the new list published by the Advisory Committee for the FTSE-Med 100 Index. The FTSE – Med 100 Index was launched on the 19/6/2003.

The Advisory Committee of the index consists of representatives from the three Exchanges and from the Global Index provider “FTSE Group”. During a meeting held in Nicosia on May 4, the committee reviewed the operation of the index for the six month period between November 2005 – April 2006, in accordance with its Ground Rules, which are based on international standards.

It was agreed that during the period of operation of the FTSE Med 100 Index until today, the index achieved the basic aim of strengthening the cooperation between the three Exchanges in the region, offering at the same time a useful tool to the investors in the three countries and internationally, in order to assess trends and developments in these markets.

Having applied the Index Ground Rules, the Advisory Committee decided to allow the stock of Muskita Aluminium Industries Plc to be added in the index for the next semester (until November 2006) and delete the stock of Vision International People Group Public Ltd. The Index is composed of 49 stocks listed on the Tel-Aviv Stock Exchange, 46 stock listed on the Athens Exchange, and 5 stocks listed on the Cyprus Stock Exchange.

The other CSE components in the FTSE-Med 100 are Laiki Bank, ranked 25th, Hellenic Bank ranked 75th, Louis Public Co. 98th and Muskita in 100th position. The largest stock in the index is Teva Pharmaceutical with a market cap of EUR 25.2 bln, followed by National Bank of Greece with a cap of EUR 13.2 bln and EFG Eurobank with a market cap of EUR 10.1 bln.