At its meeting held on 12 July 2007, the Board of Directors of Bank of Cyprus decided to extend the acceptance period for the exercise of the Share Options 2006-2007 until 31 August 2007, to provide members of staff that were not in a position to exercise their Share Options until 30 June 2006 the opportunity to exercise them.
It is reminded that 4.219.019 Share Options 2006-2007 were issued and allotted on 30 September 2006 to Bank of Cyprus staff in Cyprus and Greece who were was in service on 30 September 2006. According to the terms of issue of the Options, the initial exercise period was set from 31 March 2007 until 30 June 2007.
The total number of Share Options 2006-2007 which were exercised up until 30 June 2007 amounts to 4.162.255. The total number of Share Options which remained unexercised on 30 June 2007 amounts to 56.804, which are held by a total of 118 members of staff.