Bank of Cyprus share options to list

Bank of Cyprus Public Company Ltd announced that on January 25, 2007, the CSE and the ATHEX will allow the listing of 770.840 new ordinary shares of the Bank resulting from the recent increase in the share capital by CYP385.420,00 (EUR666.586). The new shares to be introduced have resulted from the exercise of 770.840 Share Options on 31 December 2006 by 1.211 beneficiaries (staff of the Bank of Cyprus Group) at the exercise price of CYP3,26 (EUR5,64) per new share, according to the 19 April 2000 resolution of the Bank’s Extraordinary General Meeting and the 19 January 2001 resolution of the Bank’s Board of Directors.

After the above increase, the Bank’s share capital amounts to CYP276.919.573,50 divided into 553.839.147 ordinary shares, of a nominal value of CYP0,50 (EUR0,8423) each.

As of 25 January 2007, the opening price of the Bank’s shares on the Athens Exchange will be adjusted according to the Regulation of the Athens Exchange. As of the same date, the new shares will be credited in the Dematerialised Securities System accounts of the beneficiaries who have elected to have their shares registered on the DSS.