Laiki convertible bonds

The interim interest payment of Laiki Bank (CPB) Convertible Debentures 2003/10 (LGDC.CY) will be paid to all bondholders registered as at 21 July 2006.

The ex-interest date is 19 July 2006. Following the recent rights issue and pursuant to the Debentures’ issue terms, the new conversion price for the Debentures has been revised from CYP 5.70 to CYP 5.13. Debenture holders have the right to convert their debentures into shares during 1 – 20 July each year until 2009.