Nicosia, 4 April 2011

  

Bank of Cyprus announces that on May 2011 it will redeem at par the Subordinated Bonds 2011/2016 amounting to €200 million that mature in May 2016. The redemption is pursuant to the terms and conditions of the bonds, according to which the Bank of Cyprus has the right to redeem the Subordinated Bonds in May 2011 or thereafter.  The Subordinated Bonds 2011/2016 are listed on the Luxembourg Stock Exchange.