CYPRUS POPULAR BANK PUBLIC CO LTD
ANNOUNCEMENT OF REGULATED INFORMATION
In reply to a question by the Hellenic Capital Market Commission regarding the Company's Press Release dated 7.2.2008 (Sale of 53.532.184 shares of Marfin Investment Group to Dubai Financial Group at the price of 7 Euro per share), Marfin Popular Bank (MPB) announces the following:
1. On 31.10.2007, for the purpose of complete information of the investors, MPB published a Press Release of Dubai Financial Group.
2. In accordance with that Press Release, the sale of the shares of Marfin Investment Group "is subject to an MPB shareholders approval and will not be effected until the 31st January 2008 due to certain lock-up restrictions".
3. MPB already announced the signature of a sale and purchase agreement between MPB and Dubai Financial Group. It is expected that the transaction will be completed the latest by 31 March 2008.
4. It was agreed that the transaction would be carried out by a pre-agreed transaction in accordance with the existing legislation. Therefore the transaction, independently of the time of being carried out, does not affect the market price of the share of Marfin Investment Group.
This announcement forms regulated information, is published according to the provisions of articles 19 to 21 of Law 3556/2007 and has been posted on the bank's website (www.laiki.com).
1. On 31.10.2007, for the purpose of complete information of the investors, MPB published a Press Release of Dubai Financial Group.
2. In accordance with that Press Release, the sale of the shares of Marfin Investment Group "is subject to an MPB shareholders approval and will not be effected until the 31st January 2008 due to certain lock-up restrictions".
3. MPB already announced the signature of a sale and purchase agreement between MPB and Dubai Financial Group. It is expected that the transaction will be completed the latest by 31 March 2008.
4. It was agreed that the transaction would be carried out by a pre-agreed transaction in accordance with the existing legislation. Therefore the transaction, independently of the time of being carried out, does not affect the market price of the share of Marfin Investment Group.
This announcement forms regulated information, is published according to the provisions of articles 19 to 21 of Law 3556/2007 and has been posted on the bank's website (www.laiki.com).