February 1, 2007 Further to Bank of Cyprus Public Company Limited ("Bank of Cyprus", "Offeror") Public Offer ("Public Offer") to the shareholders of Cytrustees Public Company Limited ("Cytrustees") for the acquisition of up to 50% plus one share of Cytrustees issued share capital, Bank of Cyprus announces that it has decided to revise the terms of the Public Offer (Revised Public Offer).
The Revised Public Offer revises the offer consideration to Euro 2,25 in cash for each Cytrustees share from Euro 2,20 per Cytrustees share at the initial Public Offer.
Bank of Cyprus will submit a revised Public Offer Document pursuant to the existing legislation.
This announcement is made in accordance with Article 15(2) of the Cyprus Securities and Stock Exchange (Public Offer for Acquisition of Securities and Merger Companies Listed on the Stock Exchange) Regulations of 1997-2006.
