Bank of Cyprus declares 18.8c interim dividend

The Board of Directors of Bank of Cyprus decided to declare and pay an interim dividend of CYP0,11 (or EUR0,188) per share for a yield of 1.4% based on current prices of EUR 13.45 per share.

The ex-dividend date is Tuesday, 27 November 2007, i.e. buy transactions that take place before market close of the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX) on 26th November 2007 will be eligible to the interim dividend. Furthermore, eligible investors will be shareholders following off the exchange transfers completed on 26th November 2007. It is noted that any transfers of securities between the Central Depository/Registry of the CSE and the Dematerialised Securities System of the Hellenic Exchanges between 26 to 29 November 2007 will be considered and the dividend will be paid according to the register on which the shares are registered on 29 November 2007.

The dividend will be paid to the eligible shareholders on Wednesday, 12 December 2007.

Investors are reminded that the Bank of Cyprus Dividend Reinvestment Plan is in force. The applicable discount offered under the Plan is 10,0%. 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.