Cytrustees in bumper dividend

The Board of Directors of Cytrustees Investment Public Company Ltd decided to propose to the AGM the payment of a dividend of 12 cents per share to all shareholders registered as at June 4, 2007 (cum-dividend).  The ex-dividend date will be on June 5, 2007.  The dividend will be paid to the shareholders on June 29, 2007 via Bank of Cyprus. 

The Board of Directors has recommended the Dividend Reinvestment Plan in Company’s shares.  The sale price will be 15% lower than the average closing price of the share in the CSE over the first 5 business days that the share will trade ex-dividend, that is, from June 5 to June 11, 2007 with 67 cents as a minimum price (nominal value).  The sale price will be announced on June 12, 2007 and the beneficiaries will be able to register or withdraw their participation in the Scheme by June 15, 2007. 

The Board will submit a special resolution on the Buyback of Own Shares at the Extraordinary General Meeting to take place on Wednesday, May 30, 2007 at 7.00 pm at Eurolife House, 4 Evrou, Nicosia. The Company will be able to proceed to buyback with the net asset value per share as a maximum price and EUR1 as a minimum price until a total number corresponding to 10% of its total shares.