USB to study Aspis bid

The Board of Directors of Universal Bank Pcl (USB) will convene on 5 February 2007 to examine the revised public offer of Aspis Pronia A.E.G.A and Commercial Value A.A.E. for the acquisition of a minimum of 20% and a maximum 50% plus one share of the issued share capital of USB, at a cash consideration of CYP 1.10 or EUR 1.90 per share.