Further to the announcement of Cyprus Securities and Exchange Commission regarding the possible delay of the listing on the Cyprus Stock Exchange and the Athens Exchange of the shares that resulted from the tender offer for voluntary exchange of capital securities issued in 2008, 2009 and 2010 (“Exchange Shares”), for persons who filed a complaint in relation to the exchange process, Cyprus Popular Bank Public Co Ltd (the “Bank”), announces the following:

The Bank has fully adhered to the required procedures with respect to the tender offer for voluntary exchange of capital securities with Exchange Shares, which were issued on June 30, 2012 in accordance with the provisions of the approved Prospectus dated May 22, 2012 (and supplements) and  relevant provisions of the legislation.

The Bank has decided to proceed with the listing of all Exchange Shares issued as part of the offer for the voluntary exchange of capital securities.  The listing for trading of the Exchange Shares does not affect any rights of the persons who, for whatever reason, will choose to proceed with legal action in relation to this matter.   Moreover, the Bank's decision ensures amongst others, that there will be no delay in the listing of the Exchange Shares for the benefit of holders who are satisfied with the exchange and who are the vast majority of the holders of such shares.

It is noted that, in line with applicable regulatory requirements of the Central Bank, the Bank follows standard, effective and transparent procedures for the review of complaints received from persons who have acquired Exchange Shares through the offer for the voluntary exchange of capital securities with shares.