Cyprus Popular Bank Public Co Ltd (the «Bank») announces that following the approval of,  the Board of Directors of the Cyprus Stock Exchange pursuant to paragraph 4.3.1.3 of the Regulatory Decision (Κ.Δ.Π 326/2009 as amended),  the Central Bank of Cyprus,  the Republic of Cyprus (Ministry of Finance) as  Guarantor and  the Bond Holders, the Maturity Date of the Bond (CPBG) issued on 14 November 2012 changes  from 13 November 2015 to  13 November 2013 and the interest rate changes from 6% to 5% with effect  January 24, 2013

All the other terms of the Bond Issue remain unchanged and in force.

These  changes  do not affect the Bank´s obligations to the Bond Holders of the above issue. The Bond was issued under the provisions of the Law on the Granting of Government Guarantees for the Conclusion of Loans and/or the Issue of Bonds by Credit Institutions, of 2012 (N.156(I)/2012) and the Decree on the Granting of Government Guarantees for the Conclusion of Loans and/or the Issue of Bonds by Credit Institutions, of 2012 (Κ.Δ.Π 439/2012)