Cyprus Popular Bank Public Co Ltd (the “Bank”) announces the resignations of Messrs Constantinos Mylonas and Neoclis Lysandrou from the position of Vice Chairman and Member of the Board of Directors of the Bank.

Messrs Mylonas and Lysandrou chose to leave voluntarily, in order to create available positions for the appointment of new Members, in accordance with the Articles of Association of the Bank but also the recent Decree of the Minister of Finance for the Underwriting of the Rights Issue of the Bank.

The Bank expresses sincere thanks to Messrs Mylonas and Lysandrou for their decision to facilitate the implementation of the provisions of the relevant decree, as well as for the long service and valuable contribution from the various positions they have served.