Cyprus Popular Bank Public Co Ltd (the “Bank”), further to its announcements dated 18 May and 15 June 2012, announces that the Minister of Finance has issued the (Amending) (No. 2) Decree for the Underwriting of the Rights Issue of the Cyprus Popular Bank Ltd, which will be read with the Decree for the Underwriting of the Rights Issue of the Bank of 2012, as it was amended by the Amending Decree for the Underwriting of the Rights Issue of the Bank of 2012 (which here in after will be referred as “the basic decree”).

The said Amending Decree refers to the new shares the Republic of Cyprus acquires from the Bank in accordance with the terms of the basic decree, the Prospectus dated 22 May 2012 and the Supplementary Prospectus dated 19 June 2012.

The decree, as published in the Official Gazette of the Republic of Cyprus of 23 July 2012, is hereby attached for the information of the investors.