Cyprus Popular Bank Public Co Ltd (the “Bank”), further to its announcement dated 18 May 2012, announces that the Minister of Finance has issued the (Amending) Decree for the Underwriting of the Rights Issue of the Cyprus Popular Bank Ltd, the provisions of which will be included in the Supplementary Prospectus.

The said Amending Decree includes, among others, the differentiation of the terms of the Warrants to be offered by the Republic of Cyprus to every other person, who exercises the nil paid Rights.

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