Cyprus Popular Bank Public Co Ltd announces that the Board of Directors at today's Meeting was constituted as follows:

Michalis Sarris – Chairman, Independent Non Executive Member

Christos Stylianides – Group Chief Executive Officer, Executive Member

Panayiotis Kounnis – Deputy Group Chief Executive Officer, Executive Member

Fadel Al Ali – Non Executive Member

Hesham Al Qassim – Independent Non Executive Member

Peter Baltussen – Non Executive Member

Spyros Episkopou – Independent Non Executive Member

Markos Foros – Non Executive Member

Marios Hadjiyiannakis – Independent Non Executive Member

Chris Pavlou – Independent Non Executive Member

Andreas Philippou – Independent Non Executive Member

Stelios Stylianou – Non Executive Member

Vasilios Theocharakis – Non Executive Member

Andreas Trokkos – Independent Non Executive Member

Andreas Zachariades – Independent Non Executive Member

The Board of Directors after its constitution elected Mr Spyros Episkopou as Senior Independent Non Executive Director.

The Board of Directors has also appointed the Members of the following Committees as follows:

Audit Committee:  Chris Pavlou – Chairman, Spyros Episkopou, Marios Hadjiyiannakis, Andreas Philippou, Andreas Zachariades – Members

Compensation Committee:  Spyros Episkopou – Chairman, Hesham Al Qassim, Chris Pavlou, Andreas Philippou, Andreas Trokkos – Members

Nominations Committee:  Michalis Sarris – Chairman, Fadel Al Ali, Markos Foros, Andreas Zachariades – Members

Risk Management Committee:  Andreas Philippou – Chairman, Markos Foros, Chris Pavlou, Christos Stylianides, Andreas Trokkos – Members