CYPRUS POPULAR BANK PUBLIC CO LTD (the “Bank”) announces that the Share Capital increase of €1,8 billion in the form of nil paid Rights, as well as the tender offer for voluntary exchange of existing capital securities issued in 2008 (CPBCS), 2009 (CPBCB) and 2010 (CPBCC) (“Eligible Capital Securities”) with ordinary shares and/or new Enhanced Capital Securities (“ECS”), at the option of their holder, have been completed.

The total funds subscribed for the Share Capital increase in the form of nil paid Rights amounted to €3.013.561,20, of which €2.843.525,80 resulted from the exercise of the nil paid Rights and €170.035,40 from the applications for subscription for unsubscribed shares.  Therefore, 30.135.612 new shares of nominal value €0,10 each will be issued and allocated to the beneficiaries.  The new shares have the same rights (rank pari passu) as the existing shares.

As result of the above and due to the fact that the Republic of Cyprus acts, in accordance with the terms of the Decree for the Underwriting of Rights Issue of the Bank, the Prospectus dated May 22, 2012 and the Supplementary Prospectus dated June 19, 2012, as Underwriter in the issue of capital of the Bank amounting to €1,8 billion, the unsubscribed shares which will be offered to the Republic of Cyprus at the acquiring price of €0,10 amount to 17.960.598.952.

It is further announced that the offer for voluntary exchange of Eligible Capital Securities with ordinary shares has resulted in 1.769.670.000 new ordinary shares of nominal value €0,10 each.

With respect to the offer for the exchange of Eligible Capital Securities with ECS, it is noted that applications have been received for the conversion to 147.892 ECS of nominal value €1.000 each.  The applications for voluntary exchange to ECS cannot be satisfied due to the fact that the provisions and terms of issue, as stipulated in the Prospectus dated 22.05.2012 and its Supplementary dated 19.06.2012, are not fulfilled.

The date of crediting of the New Shares to the accounts of the beneficiaries and the date of commencement of their trading on the Athens Exchange and the Cyprus Stock Exchange will be notified with a further announcement by the Bank.