Cyprus Popular Bank Public Co Ltd announces that its Board of Directors has proceeded with the following appointments to the Group Executive Committee, with effect from December 1, 2012:

Chairman:       Group Chief Executive Officer, Mr Christos Stylianides

Mr Takis Phidia, Acting Chief Executive Officer, temporarily presides over the Committee, in view of the leave of absence of Mr Christos Stylianides.

Members:                   Argyrou Sophoclis, Dracou Maria, Hadjiantonas George, Hadjikyriacou Rodoula, Ktorides Doros, Michaelas Miltos, Philippidou Annita, Stylianides Christoforos.

Observer:        Michalis Athanasiou