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BAANK OF CYPRUS DENIES NEWS REGARDING THE ACQUISITION OF HELLENIC BANK
May 26, 2008

Bank of Cyprus denies media reports that it is involved in talks and or deliberations for the merger or acquisition of Hellenic Bank.



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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