Bank of Cyprus shares from options scheme

Bank of Cyprus Public Company Ltd  announced that on 25 April 2007, 328.963 new ordinary shares of the Bank will be introduced for trading on the Cyprus Stock Exchange and the Athens Exchange resulting from the recent increase in the share capital by CYP164.481,50 (EUR283.247).

The new shares to be introduced have resulted from the exercise of 328.963 Share Options on 31 March 2007 by 495 beneficiaries (staff of the Bank of Cyprus Group) at the exercise price of CYP3,26 (EUR5,61) per new share, according to the 19 April 2000 resolution of the Bank’s Extraordinary General Meeting and the 19 January 2001 resolution of the Bank’s Board of Directors.

After the above increase, the Bank’s share capital amounts to CYP277.084.055,00 divided into 554.168.110 ordinary shares, of a nominal value of CYP0,50 (EUR0,8423) each.

The listing of the new shares has been approved by the Boards of Directors of the Cyprus Stock Exchange and the Athens Exchange at their meetings on 19 April 2007.

As of 25 April 2007, the opening price of the Bank’s shares on the Athens Exchange will be adjusted according to the Regulation of the Athens Exchange. As of the same date, the new shares will be credited in the Dematerialised Securities System accounts of the beneficiaries who have elected to have their shares registered on the DSS.