Lone Pine reduces stake in Bank of Cyprus

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Bank of Cyprus announced that it has been notified by Lone Pine Capital LLC that on Monday 1 June 2009 investment funds for which the latter acts as the investment manager decreased their participation in Bank of Cyprus shares by 1,02%. Following the above mentioned decrease, on 1 June 2009, the investment funds managed by Lone Pine Capital LLC held 29.223.909 Bank of Cyprus shares in total, decreasing their shareholding from 6,00% to 4,98%.