In accordance with Cyprus Law 191 (I)/2007, Bank of Cyprus announces that it has been notified by Lone Pine Capital LLC that investment funds for which the latter acts as the investment manager purchased on Friday 11 April 2008, 576.129 shares of Bank of Cyprus (0,10% of total share capital) for a total value of euro 4.587.081. Following the above mentioned purchase, on 11 April 2008, the investment funds managed by Lone Pine Capital LLC held in total 32.907.007 Bank of Cyprus shares, which correspond to a shareholding of 5,81%.