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COMPOSITION OF THE BOARD OF DIRECTORS

May 14, 2007

The composition of the Board of Directors of the Bank of Cyprus Public Company Ltd after its meeting held on 10 May 2007 is as follows:

CHAIRMAN: Eleftherios Ioannou.

VICE-CHAIRMAN: Andreas Artemis.

MEMBERS: Theodoros Aristodemou, Christakis G. Christofides, Anna Diogenous, Andreas Eliades, George M. Georgiades, Antreas J. Jacovides, Yiannis Kypri, Manthos Mavrommatis, Christos Mouskis, Christos S. Pantzaris, Andreas Pittas, Vassilis Rologis, Costas Z. Severis, Charilaos G. Stavrakis, Evdokimos Xenophontos, Costas Hadjipapas.

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.