Further to its announcement dated April 19, 2012, Cyprus Popular Bank Public Co Ltd (the “Bank”) announces that the Board of Directors, at today's meeting, approved the Final Audited Financial Statements of the Group and the Bank for the year ended 31 December 2011. 

The Final Audited Financial Results of the Group for the year ended 31 December 2011 differ from the Preliminary Results announced on the 29^th February 2012 only as a result of the finalization of the accounting treatment of the effect in the participation in the exchange programme of the Greek Government Bonds (PSI+).

 The preliminary results included an amount of €1.969 m impairment loss for the Group's Greek Government Bonds holding, representing 65% of their nominal value.  Following the final accounting treatment for the PSI+ programme, this amount has been increased to €2.331 m, representing 76,4% of their nominal value.

 As a result, the loss for the year and the loss attributable to the shareholders has increased by € 315,5 m net of tax from the previously announced Preliminary Results.

 The Annual Financial Report, which includes the Financial Statements, will be available on the website of the Group (www.laiki.com), on the website of the Cyprus Stock Exchange (www.cse.com.cy), as well as on the website of the Athens Exchange (www.ase.gr).  Copies will be available at the Shares and Debentures Department of the Group, 124 Strovolos Avenue (4^th floor), 2042 Strovolos, Nicosia.