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COMMENT ON PRESS ARTICLES
January 31, 2007 Following the publication of articles in the Press in Cyprus which refer to possible future acquisitions by Bank of Cyprus in the Greek market, the Bank of Cyprus Group repeats that, as part of its strategy, it evaluates on a continuous basis acquisition possibilities in selected markets.

At this stage, there is nothing specific to be announced relating the above matter.



For further information, please contact: Mrs. Marianna Pantelidou, Investor Relations, Bank of Cyprus Group, Tel: (357) 22-881740, Fax: (357) 22-336258 or Mr. Nicolas Bornozis, President at Capital Link Inc. in New York at (212)661-7566. This and additional information can also be accessed on Capital Link's website.






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