Cyprus Popular Bank Public Co Ltd (“the Bank”) hereby informs investors that the announcement of the Group´s preliminary financial results for the year ended 31.12.2012 is postponed in view of the forthcoming developments relating to the identification of the recapitalization requirements of the banking sector, which is directly related to the completion of the procedures for the signing of the Memorandum of Understanding (“MOU”) between the Republic of Cyprus and its international creditors.

The announcement of indicative results without complete information on the results of the diagnostic test that was performed, as directly commissioned by the Central Bank of Cyprus, may create confusion to investors as it limits the ability for a precise assessment of the results and prospects of the Bank, as required by the relevant legislative provisions.

According to the announcement by the Central Bank of Cyprus dated 02.02.2013, the results of the diagnostic test will be published upon the signing of the MOU.

It is noted that such a postponement in the publication of the results by financial institutions has also been adopted in other countries, such as Greece.