CYPRUS POPULAR BANK PUBLIC CO LTD

Announcement regarding the exercise of warrants (2005/2007).

Further to its announcement of October 10, 2007, Marfin Popular Bank Public Co Ltd (the Bank) announces that during the recent exercise period for warrants (2005/2007), 1 - 20 November 2007, 37 warrant holders exercised their right to purchase a total of 8,385 shares at an exercise price of CYP6.43 (euro 10.99). The new shares rank pari passu with existing shares and, following their listing, the issued listed capital of the Bank will be 796,691,149 shares.
The Bank will submit applications for the new shares to be listed for trading to both the Cyprus Stock Exchange and the Athens Exchange. In accordance with Article 7(1)(g) of Cyprus Law 114(Ι) of 2005 and Article 4(2)(g) of Greek Law 3401/2005, it is not necessary to publish a prospectus for the above shares to be listed for trading.
The new shares will be credited to the beneficiaries' accounts and start trading once the necessary approvals have been obtained.