Bank of Cyprus Holdings PLC

Major Shareholding Notification • Mar 20, 2025

Standard Form TR-1

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer and to the Central Bank of Ireland) i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Bank of Cyprus Holdings Public Limited Company

(LEI 635400L14KNHZXPUZM19)

2. Reason for the notification (please tick the appropriate box or boxes):

[√] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments

[ ] An event changing the breakdown of voting rights

[ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name:	City and country of registered office (if applicable):
1a. CVI AA Cayman Securities LP	1a. Grand Cayman, Cayman Islands
1b. CarVal AA GP LP	1b. Grand Cayman, Cayman Islands
2a. CVI AV Cayman Securities LP	2a. Grand Cayman, Cayman Islands
2b. CarVal AV GP LP	2b. Grand Cayman, Cayman Islands
3a. CarVal CCF Cayman Securities Ltd	3a. Grand Cayman, Cayman Islands
3b. CarVal CCF GP LP	3b. Grand Cayman, Cayman Islands
4a. CVI CVF III Cayman Securities Ltd	4a. Grand Cayman, Cayman Islands
4b. CarVal CVF III GP LP	4b. Grand Cayman, Cayman Islands
5a. CVI CVF IV Cayman Securities Ltd	5a. Grand Cayman, Cayman Islands
5b. CarVal CVF IV GP LP	5b. Grand Cayman, Cayman Islands
6a. CVI CVF V Cayman Securities Ltd	6a. Grand Cayman, Cayman Islands
6b. CarVal CVF V GP LP	6b. Grand Cayman, Cayman Islands
7a. CVI CVF II Lux Securities Trading Sarl	7a. Luxembourg, Luxembourg

7b. CarVal CVF II GP LP	7b. Grand Cayman, Cayman Islands
8a. CVIC Cayman Securities Ltd		8a. Grand Cayman, Cayman Islands
8b.	CarVal International Credit GP LP		8b. Grand Cayman, Cayman Islands
9a.	CarVal GCF Cayman Securities Ltd		9a. Grand Cayman, Cayman Islands
9b. CarVal GCF GP LP			9b. Grand Cayman, Cayman Islands
10a. CarVal Investors GB LLP		10a. London, England
10b. AB CarVal Investors, LP		10b. Delaware, United States
4. Full name of shareholder(s)	(if different from 3.)v	:
CVI AA Cayman Securities LP CVI AV Cayman Securities LP CarVal CCF Cayman Securities Ltd CVI CVF III Cayman Securities Ltd CVI CVF IV Cayman Securities Ltd CVI CVF V Cayman Securities Ltd CVI CVF II Lux Securities Trading Sarl CVIC Cayman Securities Ltd CarVal GCF Cayman Securities Ltd 5. Date on which the threshold was crossed or reachedvi: 18th March 2025 6. Date on which issuer notified: 19th March 2025
	7. Threshold(s) that is/are crossed or reached:
Below 4%
8. Total positions of person(s) subject to the notification obligation:
	% of voting rights attached to shares (total of 9.A)	% of voting rights through financial instruments (total of 9.B.1 + 9.B.2)	Total of both in % (9.A + 9.B)	Total number of voting rights of issuervii
Resulting situation on the date on which threshold was crossed or reached	3.07%	n/a	3.07%	440,224,067
Position of previous notification (if applicable)	4.99%	n/a	4.99%

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares
Class/type of shares	Number of voting rightsix		% of voting rights
ISIN code (if possible)	Direct	Indirect	Direct	Indirect
IE00BD5B1Y92	13,533,758	-	3.07%	-
SUBTOTAL A	13,533,758		3.07%

Type of financial instrument	Expiration datex	Exercise/ Conversion Periodxi	Number of voting rights that may be acquired if the instrument is exercised/converted.	% of voting rights
		SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations
Type of financial instrument	Expiration datex	Exercise/ Conversion Period xi	Physical or cash settlementxii	Number of voting rights	% of voting rights
			SUBTOTAL B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[√] Full chain of controlled undertakings through which the voting rights and/or the financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

Namexv	% of voting rights if it equals or is higher than the notifiable threshold	% of voting rights through financial instruments if it equals or is higher than the notifiable threshold	Total of both if it equals or is higher than the notifiable threshold
AB CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal AA GP LP	n/a	n/a	n/a
CVI Aquille d'Argentiere Fund B LP	n/a	n/a	n/a
CVI AA Master Fund II LP	n/a	n/a	n/a
CVI AA Cayman Securities LP	0.24%	n/a	0.24%
AB CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal AV GP LP	n/a	n/a	n/a
CVI Aquille Verte Fund B LP	n/a	n/a	n/a
CVI AV Master Fund II LP	n/a	n/a	n/a
CVI AV Cayman Securities LP	0.09%	n/a	0.09%
AB CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal CCF GP LP	n/a	n/a	n/a

CarVal Contingent Credit Fund LP	n/a	n/a	n/a
CarVal CCF Cayman Securities Ltd	0.10%	n/a	0.10%
AB CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal CVF III GP LP	n/a	n/a	n/a
CVI Credit Value Fund A III LP	n/a	n/a	n/a
CVI Credit Value Fund B III LP	n/a	n/a	n/a
CVI CVF III Cayman Corp	n/a	n/a	n/a
CVI CVF III Master Fund II LP	n/a	n/a	n/a
CVI CVF III Cayman Securities Ltd	0.29%	n/a	0.29%
AB CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal CVF IV GP LP	n/a	n/a	n/a
CVI Credit Value Fund A IV LP	n/a	n/a	n/a
CVI Credit Value Fund B IV LP	n/a	n/a	n/a
CVI CVF IV Cayman Corp	n/a	n/a	n/a
CVI CVF IV Master Fund II LP	n/a	n/a	n/a
CVI CVF IV Cayman Securities Ltd	1.08%	n/a	1.08%
AB CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal CVF V GP LP	n/a	n/a	n/a
CVI Credit Value Fund A V LP	n/a	n/a	n/a
CVI Credit Value Fund B V LP	n/a	n/a	n/a
CVI CVF B V Cayman Corporation	n/a	n/a	n/a
CVI CVF V Master Fund II LP	n/a	n/a	n/a

CVI Credit Value Fund V Parallel Fund SCSp	n/a	n/a	n/a
CVI CVF V Pooling Fund II LP	n/a	n/a	n/a
CVI CVF V Cayman Securities Ltd	0.65%	n/a	0.65%
AB CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal CVF II GP LP	n/a	n/a	n/a
CVI Credit Value Fund A II LP	n/a	n/a	n/a
CVI Credit Value Fund B II LP	n/a	n/a	n/a
CVI CVF II Cayman Corp.	n/a	n/a	n/a
CVI CVF II Master Fund II LP	n/a	n/a	n/a
CVI CVF II Lux Holdings Sarl	n/a	n/a	n/a
CVI CVF II Lux Sub Holdings Sarl	n/a	n/a	n/a
CVI CVF II Lux Master Sarl	n/a	n/a	n/a
CVI CVF II Lux Finance Sarl	n/a	n/a	n/a
CVI CVF II Lux Securities Trading Sarl	0.20%	n/a	0.2%
AB CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal International Credit GP LP	n/a	n/a	n/a
CVI International Credit Fund Ltd	n/a	n/a	n/a
CVIC Cayman Corporation	n/a	n/a	n/a
CVIC Master Fund LP	n/a	n/a	n/a
CVIC Cayman Holdings GP Corporation	n/a	n/a	n/a
CVIC US Holdings II, LP	n/a	n/a	n/a
CVIC Cayman Securities Ltd	0.31%	n/a	0.31%

AB CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal GCF GP LP	n/a	n/a	n/a
CarVal Global Credit Fund A LP	n/a	n/a	n/a
CarVal Global Credit Fund B LP	n/a	n/a	n/a
CarVal GCF B Ltd	n/a	n/a	n/a
CarVal GCF Master Fund II LP	n/a	n/a	n/a
CarVal GCF Cayman Securities Ltd	0.11%	n/a	0.11%

11. In case of proxy voting: [name of the proxy holder] will cease to hold [% and number] voting rights as of [date]

n/a

12. Additional informationxvi:

1,055,315 of the shares are held by CVI AA Cayman Securities LP

CarVal AA GP LP is the general partner of CVI AA Cayman Securities LP

396,265 of the shares are held by CVI AV Cayman Securities LP

CarVal AV GP LP is the general partner of CVI AV Cayman Securities LP

427,044 of the shares are held by CarVal CCF Cayman Securities Ltd

CarVal CCF GP LP is the general partner of CarVal CCF Cayman Securities Ltd

1,273,918 of the shares are held by CVI CVF III Cayman Securities Ltd

CarVal CVF III GP LP is the general partner of CVI CVF III Cayman Securities Ltd

4,777,507 of the shares are held by CVI CVF IV Cayman Securities Ltd

CarVal CVF IV GP LP is the general partner of CVI CVF IV Cayman Securities Ltd

2,873,382 of the shares are held by CVI CVF V Cayman Securities Ltd

CarVal CVF V GP LP is the general partner of CVI CVF V Cayman Securities Ltd

879,499 of the shares are held by CVI CVF II Lux Securities Trading Sarl

CarVal CVF II GP LP is the general partner of CVI CVF II Lux Securities Trading Sarl

1,377,673 of the shares are held by CVIC Cayman Securities Ltd

CarVal International Credit GP LP is the general partner of CVIC Cayman Securities Ltd

473,155 of the shares are held by CarVal GCF Cayman Securities Ltd

CarVal GCF GP LP is the general partner of CarVal GCF Cayman Securities Ltd

AB CarVal Investors, LP is the investment manager of the Shareholders listed in section 4 above.

CarVal Investors GB LLP is a sub-advisor to the Shareholders listed in section 4 above.

Done at London, England on 19th March 2025

Notes

i . Persons completing this form should have regard to the requirements of the Transparency (Directive 2004/109/EC) Regulations 2007 as amended (the "Regulations"), the Central Bank of Ireland's Transparency Rules (the "Transparency Rules") and Commission Delegated Regulation (EU) 2015/761 of 17 December 2014.

ii Full name of the legal entity and other identifying specification of the issuer or underlying issuer, provided it is reliable and accurate (e.g. address, LEI, domestic number identity).

iii Other reason for the notification could be voluntary notifications, changes of attribution of the nature of the holding (e.g. expiring of financial instruments) or acting in concert.

iv This should be the full name of (a) the shareholder; (b) the natural person or legal entity acquiring, disposing of or exercising voting rights in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC); or (c) the holder of financial instruments referred to in Regulation 17(1) of the Regulations (Article 13(1) of Directive 2004/109/EC).

As the disclosure of cases of acting in concert may vary due to the specific circumstances (e.g. same or different total positions of the parties, entering or exiting of acting in concert by a single party) the standard form does not provide for a specific method how to notify cases of acting in concert.

In relation to the transactions referred to in points (b) to (h) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the following list is provided as an indication of the persons who should be mentioned:

• - in the circumstances foreseen in letter (b) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity that acquires the voting rights and is entitled to exercise them under the agreement and the natural person or legal entity who is transferring temporarily for consideration the voting rights;
• - in the circumstances foreseen in letter (c) of the Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity holding the collateral, provided the person or entity controls the voting rights and declares its intention of exercising them, and natural person or legal entity lodging the collateral under these conditions;
• - in the circumstances foreseen in letter (d) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity who has a life interest in shares if that person or entity is entitled to exercise the voting rights attached to the shares and the natural person or legal entity who is disposing of the voting rights when the life interest is created;
• - in the circumstances foreseen in letter (e) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the controlling natural person or legal entity and, provided it has a notification duty at an individual level under Regulation 14 of the Regulations (Article 9 of Directive 2004/109/EC), under letters (a) to (d) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC) or under a combination of any of those situations, the controlled undertaking;
• - in the circumstances foreseen in letter (f) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the deposit taker of the shares, if he can exercise the voting rights attached to the shares deposited with him at his discretion, and the depositor of the shares allowing the deposit taker to exercise the voting rights at his discretion;
• - in the circumstances foreseen in letter (g) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the natural person or legal entity that controls the voting rights;
• - in the circumstances foreseen in letter (h) of Regulation 15 of the Regulations (Article 10 of Directive 2004/109/EC), the proxy holder, if he can exercise the voting rights at his discretion, and the shareholder who has given his proxy to the proxy holder allowing the latter to exercise the voting rights at his discretion (e.g. management companies).

^v Applicable in the cases provided for in Regulation 15(b) to (h) of the Regulations (Article 10 (b) to (h) of Directive 2004/109/EC). This should be the full name of the shareholder who is the counterparty to the natural person or legal entity referred to in Regulation 15 of the Regulations (Article 10 Directive 2004/109/EC) unless the percentage of voting rights held by the shareholder is lower than the lowest notifiable threshold for the disclosure of voting rights holdings in accordance with the requirements of the Regulations and the Transparency Rules.

vi The date on which threshold is crossed or reached should be the date on which the acquisition or disposal took place or the other reason triggered the notification obligation. For passive crossings, the date when the corporate event took effect.

vii The total number of voting rights shall be composed of all the shares, including depository receipts representing shares, to which voting rights are attached even if the exercise thereof is suspended.

viii If the holding has fallen below the lowest applicable threshold in accordance with the Regulations and the Transparency Rules the holder is not obliged to disclose the extent of the holding only that the holding is "below 3%" or "below 5%" as appropriate.

ix In case of combined holdings of shares with voting rights attached "direct holding" and voting rights "indirect holding", please split the voting rights number and percentage into the direct and indirect columns – if there is no combined holdings, please leave the relevant box blank.

^x Date of maturity/expiration of the financial instrument i.e. the date when right to acquire shares ends.

xi If the financial instrument has such a period – please specify this period – for example once every 3 months starting from [date].

xii In case of cash settled instruments the number and percentages of voting rights is to be presented on a delta-adjusted basis (Regulation 17(4) of the Regulations/Article 13(1a) of Directive 2004/109/EC).

xiii If the person subject to the notification obligation is either controlled and/or does control another undertaking then the second option applies.

xiv The full chain of controlled undertakings, starting with the ultimate controlling natural person or legal entity, has to be presented also in cases in which only on subsidiary level a threshold is crossed or reached and the subsidiary undertaking discloses the notification, as only thus will the markets get a full picture of the group holdings. In the case of multiple chains through which the voting rights and/or financial instruments are effectively held, the chains have to be presented chain by chain leaving a row free between different chains (e.g.: A, B, C, free row, A, B, D, free row, A, E, F etc.).

xv The names of controlled undertakings through which the voting rights and/or financial instruments are effectively held have to be presented irrespective of whether the controlled undertakings cross or reach the lowest applicable threshold themselves.

xvi Example: Correction of a previous notification.