Cyprus Popular Bank Public Co Ltd (the “Bank”) announces the appointment of two new members to the Board of Directors, Messrs Nicos Hadjinicolaou and Panicos Poutziouris, by the Minister of Finance with the consent of the Central Bank and the Finance Committee of the House of Representatives, in accordance with paragraph 11(1) of the Underwriting of the Rights Issue of the Cyprus Popular Bank Public Co Ltd Decree of 2012.

The Bank also announces the appointment of Mrs Jacqueline Loizides-Lambert as its new Secretary, in replacement of the outgoing Secretary Mr Stelios Hadjiosif, to whom it expresses sincere thanks for the valuable services he has offered over a number of years to the Board of Directors of the Bank.

The Chairman and the members of the Board of Directors welcome the appointments and the new members.