In accordance with the relevant regulations of the Cyprus Stock Exchange and the Cyprus Securities and Exchange Commission, Cyprus Popular Bank Public Co Ltd Group wishes to inform investors that the level of total provisions for doubtful debts and other possible impairments for the six months ended 30/06/2012, is expected to be increased as compared to the provisions of the corresponding period of the previous year.  Therefore, the financial results for the six months ended 30/06/2012 will show a negative deviation compared to the corresponding results of 2011.

Additionally, and following a relevant request by the Cyprus Securities and Exchange Commission, it is clarified that the reference by the Chairman of the Board of Directors in his recent statements regarding the operations of the Group in Greece, related to the possible cumulative non-performing loans and not to provisions as  was implied by some of the Media.