BOC declares 7c interim dividend

The Board of Directors of Bank of Cyprus Public Company Ltd decided to declare an interim dividend for the year 2006 of 7 cent (approximately 12 cent euro per share at a meeting held on November 3, 2006.

The share will be trading cum-dividend up to and including Friday, 24 November 2006. The ex-dividend date is Monday, 27 November 2006. The dividend will be paid to shareholders on Monday, 11 December 2006.

 

DIVIDEND REINVESTMENT PLAN

Investors are reminded that the Bank of Cyprus Dividend Reinvestment Plan is in force. The applicable discount offered under the Plan is 10%. Based on the 10% discount offered, dividends will be reinvested at 90% of the weighted average closing price of the share at the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX) for the first five working days that the share is quoted ex-dividend.

Investors can obtain the Terms and Operating Conditions of the Plan and the Application Form for Enrollment or Termination of participation in the Plan (“the Application Form”) from the Group’s website www.bankofcyprus.com.

Once an investor enrols in the Plan, the participation remains in force for all future dividends which will be automatically reinvested on his behalf, unless a request is made in writing to withdraw from the Plan or unless the Bank suspends or terminates the Plan.

Investors are reminded that, for their instructions to be valid for the interim dividend for the year 2006 and for all future dividends, the Company must receive their Application Form at least 10 days prior to the ex-dividend date, i.e. by 17 November 2006 in respect of the interim dividend for the year 2006.