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 the Mandatory Conversion of
65.439.624 Convertible Enhanced Capital Securities issued in 2011 («CECS») into ordinary shares of the Bank, under the provision of Section 5.3.10 of the Prospectus of CECS dated
19.05.2011. The existence of events which dictate the mandatory conversion as provided in the above mentioned section of the Prospectus, has been confirmed by the Central Bank of Cyprus.
The Conversion of CECS into ordinary shares will be based on the issue and allocation of ten (10) shares of nominal value €0,10 each for one (1) CECS of nominal value €1, in accordance with the terms of the Prospectus. It is clarified that the issue price of the ordinary shares has been set at €0,10 per share as provided by section 5.3.10 © of the Prospectus of CECS dated, 19.05.2011 as it cannot be lower than the nominal value of the Bank's share.
The new ordinary shares resulting from the Mandatory Conversion will be issued and allocated to the Bank's CECS Holders, who will execute transactions on the trading system of the Cyprus Stock Exchange and the Athens Exchange until 28.12.2012. The last trading day of CECS is 28.12.2012.
The letters of allotment of the new ordinary shares will be sent to the CECS holders by
18.01.2013. The letters will state the number of new shares allotted to each CECS holder. No allotment letters will be mailed to Exempt Countries.
The number of new shares issued is 654.396.240. After the issue of the new ordinary
shares, the issued share capital of the Bank will be €2.202.608.136,20 divided into
22.026.081.362 shares of nominal value €0,10 each. The authorised capital of the Bank is
€2.800.000.000,00 divided into 28.000.000.000 shares of nominal value of €0,10 each.
The new shares will be added in the issued share capital of the Bank and will be listed and traded on the Cyprus Stock Exchange and the Athens Exchange, upon receiving all necessary approvals from the relevant authorities. The listing and trading dates will be announced at a later stage.
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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