Bank of Cyprus ex-dividend date changed

Bank of Cyprus has decided to change the proposed dates of the relevant final 25 euro cents per share dividend which will be submitted for approval at the Shareholders’ Annual General Meeting to be held on Wednesday, 14 May 2008.

The new recommended ex-dividend date is Monday, 26 May 2008, i.e. buy transactions that take place before market close of the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX) on 23 May 2008 will be eligible to the dividend. Furthermore, eligible investors will be shareholders following off the exchange transfers completed on 23 May 2008. 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 23 to 28 May 2008, will be considered and the dividend will be paid according to the register on which the shares are registered on 28 May 2008.

The dividend, subject to the approval of the Annual General Meeting, will be paid to the eligible shareholders on Tuesday, 10 June 2008.

As a result of the above changes, investors are informed that, the company must receive their Application Form for Enrollment or Termination of participation in the Dividend Reinvestment Plan at least 10 days prior to the ex-dividend date, i.e. by 16 May 2008 in order for their instructions to be valid for the proposed dividend and for all future dividends. If their Application Form is not timely received, their instructions will only be effective for future dividend payments.