Further to its announcements dated July 2, 2012, Cyprus Popular Bank Public Co Ltd (the “Bank”) informs the investors that with the completion of the Public Offer for the share capital increase and the offer for exchange of existing capital securities, the capital enhancement of the Bank on new Core Tier 1 capital amounts to €1.976.040.456,43. The above enhancement resulted from the subscription in the Public Offer of €3.013.561,20, the participation of the Republic of Cyprus by underwriting the issue of €1.796.059.895,23 and the voluntary exchange of capital securities with shares of €176.967.000.  

At the same time, applications have been received for the voluntary exchange of €147.892.000 capital securities issued in 2008 (CPBS), 2009 (CPBCB) and 2010 (CPBCC) with Enhanced Capital Securities, but their issue was not made possible in accordance with the provisions and terms of the Prospectus dated 22.05.2012 and the Supplementary Prospectus dated 19.06.2012. Therefore, the capital securities of the above issues amounting to €560.786.000 remain in force.

Given the outcome of the offer for voluntary exchange of the existing capital securities with ordinary shares and/or new Enhanced Capital Securities and after the financial results of the first six months of 2012 are finalized, the Bank will proceed in consultation with the Central Bank of Cyprus for the redefinition of its capital needs and review of its capital plan on the basis of the European Union regulations for state aid.