Bank of Cyprus convertibles to trade

Bank of Cyprus Public Company Ltd announces to the investing public that the Cyprus Securities and Exchange Commission has approved on 14 July 2008 Supplementary Prospectus relating to the Issuer’s Registration Document dated 21 May 2008 which is part of in the Prospectus dated 21 May 2008 drawn up as separate documents.
The Supplementary Prospectus dated 14 July 2008 is a supplement to the Issuer’s Registration Document dated 21 May 2008 which was updated with the Supplementary Prospectus dated 12 June 2008.
The Bank of Cyprus Public Company Ltd Prospectus drawn up as separate documents relates to the issue and listing on the Cyprus Stock Exchange and Athens Exchange of up to 573.409.701 Convertible Bonds of nominal value €1,00.
The Supplementary Prospectus as approved by the Cyprus Securities and Exchange Commission will be available without charge in electronic form as from 16 July 2008 at:
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the Bank of Cyprus’ website (www.bankofcyprus.com select Investor Relations Prospectuses),
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the website of the Manager of the Issue, The Cyprus Investment and Securities Corporation Ltd (CISCO) (www.cisco-online.com.cy)
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the website of the Cyprus Stock Exchange www.cse.com.cy and
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the website of the Cyprus Securities and Exchange Commission, www.cysec.gov.cy
The Convertible Bonds 2013/2018 will be trading on the Cyprus Stock Exchange and on the Athens Exchange upon receipt of the relevant approval from the two Exchanges under the ISIN code CY014074015.
Timeplan of the Convertible Bonds 2013/18 Issue by Bank of Cyprus
Subscription period of the Convertible Bonds from the Eligible Holders of the Priority at the price of €1 per Convertible Bond
(not applicable for shareholders of Exempt Countries)
15 -28 July 2008
Subscription period for irrevocable applications for the unsubscribed Convertible Bonds, at the Strike Price as it will be determined through the Book Building Procedure
15-29 July 2008
Last submission date for applications from Eligible Holders with Priority
28 July 2008
Preliminary results announcement of subscription by Eligible Holders with Priority
29 July 2008
Book Building Procedure and submission of application forms for the unsubscribed Convertible Bonds and determination of the Strike Price
29 July 2008
Last submission date of irrevocable applications for the unsubscribed Convertible Bonds at the Strike Price as it will be determined through the Book Building procedure
29 July 2008
Dispatch of Convertible Bonds Allotment letters
8 August 2008
The Company will file all relevant documents relating to the listing of the Convertible Bonds 2013/18 with both the CSE and the ATHEX within eight working days from the Last Subscription Date for the Convertible Bonds.
The date of the introduction for trading of the Convertible Bonds 2013/18 will be announced to the CSE and the ATHEX and through the Cypriot and Greek press. The date of the introduction for trading of the Convertible Bonds 2013/18 will be within five working days from the date that the listing of the Convertible Bonds is approved by both Exchanges.
It is noted that the timetable may be affected by other unforeseen circumstances and may be altered accordingly. Such amendments will be announced to the CSE and the ATHEX and through the Cypriot and Greek press.