In accordance with Cyprus Law 190 (I)/2007, Bank of Cyprus Public Company Ltd (Bank of Cyprus or Bank) announces that it has been notified by the Bank's Employee Provident Funds that they have sold 45.300.000 Bank of Cyprus shares (7,50% of the Bank's total share capital) to Odella Resources Limited at a price of €4,90 per share. Following the above mentioned transaction, the Bank's Employee Provident Funds decreased their shareholding from 7,6% to 0,1% based on the current issued share capital of the Bank of 604.205.955 shares.
The Bank has also been notified by the Bank's Employee Provident Funds that they have entered into an agreement to sell 29.400.000 nil paid rights to Odella Resources Ltd at an average price of €0,8286 per nil paid right, which upon exercise will correspond to 8.400.000 new shares.