Cyprus Popular Bank Public Co Ltd announces, pursuant to the Cyprus Law 190(Ι)/2007, the following:

1.      Dubai Financial Group informed in writing the Capital Market Commission and the Issuer that it has granted a power of attorney to Joseph Iskander authorising him, during the Ordinary and the Extraordinary General Meeting of the Issuer's Shareholders on June 21,  2012, to exercise to his judgement 301.140.188 voting rights which correspond to 301.140.188 shares of the Issuer, namely a percentage 18.69% on the Issuer's total share capital and voting rights.

2.      Joseph Iskander informed in writing the Capital Market Commission and the Issuer that, during the Ordinary and the Extraordinary General Meeting of the Issuer's Shareholders on June 21, 2012, he is entitled to exercise to his judgement 301.140.188 voting rights which correspond to 301.140.188 shares of the Issuer, namely a percentage 18.69% on the Issuer's total share capital and voting rights, by virtue of a power of attorney which was granted to him by shareholder of the Issuer.  Following the conclusion of the General Meetings, the aforementioned individual ceases to possess the above voting rights.