Cyprus Popular Bank Public Co Ltd (the “Bank”) announces that all Members of its Board of Directors have resigned:

• ·         Andreas Philippou  (Chairman)
• ·         Fadel Al Ali  (Member)
• ·         Spyros Episkopou  (Member)
• ·         Nicos Hadjinicolaou  (Member)
• ·         Marios Hadjiyiannakis  (Member)
• ·         Panikkos Poutziouris  (Member)
• ·         Christos Stylianides  (Member)
• ·         Stelios Stylianou  (Member)
• ·         Andreas Trokkos  (Member)
• ·         Andreas Zachariades  (Member)

In addition, Mr Takis Phidia has resigned from the position he held at the Bank as Acting Chief Executive Officer.