According to the Bank of Cyprus Dividend Reinvestment Plan ("the Plan") the price at which the interim dividend for 2006 will be reinvested into shares is C£5,07 (Euro 8,75 *). It is reminded that the price was calculated according to the terms of the Plan, based on the applicable 10% discount on the weighted average closing price of the share at the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX) for the first five working days that the share was quoted ex-dividend.
* The price in Euros was calculated based on the exchange rate of euro 1= C£0,5796, which is the exchange rate to be used for the payment of the interim dividend (the exchange rate in force on the working date immediately preceding the ex-dividend date).