In accordance with Greek Law Ν. 3556/2007, Decision 1/434/3.7.2007, Circular 33 of the Hellenic Capital Markets Commission and the Cyprus Law 190 (I)/2007, Bank of Cyprus announces that it has been notified by Lone Pine Capital LLC that on Monday, 3 March 2008, the shareholding in Bank of Cyprus share capital of investment funds for which the latter acts as the investment manager exceeded 5%. Specifically, on 3 March 2008, these investment funds held in total 28.696.054 Bank of Cyprus shares, which correspond to a shareholding of 5,068%.

Lone Pine Capital LLC is the investment manager of the fund and is entitled to exercise the voting rights attached to the 28.696.054 Bank of Cyprus shares.