Cytrustees fixes dividend reinvestment price at EUR1.88

Cytrustees Investments (CYTR) announced that the buying price of the shares that will be allocated as part of the Dividend Reinvestment Plan for the dividend that was approved by the Annual General Meeting dated September 27, 2007 has been set at CYP1.10 or EUR1.88.

Pursuant to the Terms and Regulations of the Dividend Reinvestment Plan, “the buying price of the shares in which the dividends will be reinvested is the average closing price of the share five business days after the record date during which transactions have been carried out minus a discount of 15% decided by the Board of Director”. As a result, the days that have been taken into account for the calculation are October 10 – 16, 2007.

According to the latest net asset value of CYP1,9359 or EUR3,3138 per share dated October 15, 2007, with the reinvestment of the dividend in the above buying price the shareholders will be able to buy the share with a discount of 43%.
The number of shares that will be allocated to each participant in the Plan will be a result of (a) the number of shares that he/she has declared for the participation in the Plan, (b) the net dividend per share (excluding all taxes) and (c) the buying price that will result from: