C Y P R U S P O P U L A R B A N K P U B L I C C O L T D A N N O U N C E M E N T

Cyprus Popular Bank Public Co Ltd (the "Bank") announces that Mr Christos Stylianides has ceased to execute the duties of the Chief Executive Officer / Managing Director of the Bank from December 21, 2012 and has left the employment of the Bank.
Mr Takis Phidia will continue to execute the duties of the Acting Chief Executive Officer and Chairman of the Executive Committee of the Bank.
Nicosia, 21 December 2012

CYPRUS POPULAR BANK PUBLIC CO LTD

Registration No. 1, 154 Limassol Ave., 2025 Nicosia, P.O. Box 22032, 1598 Nicosia, Cyprus www.laiki.com

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