Bank of Cyprus Holdings PLC

Regulatory Filings • Sep 23, 2024

Announcement

Bank of Cyprus Holdings Public Limited Company – Commencement of trading on ATHEX

Nicosia, 23 September 2024

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO ANY JURISDICTION WHERE TO DO SO WOULD VIOLATE THE LAWS OF THAT JURISDICTION

Group Profile

The Bank of Cyprus Group is the leading banking and financial services group in Cyprus, providing a wide range of financial products and services which include retail and commercial banking, finance, factoring, investment banking, brokerage, fund management, private banking, life and general insurance. At 30 June 2024, the Bank of Cyprus Group operated through a total of 58 branches in Cyprus, of which 3 operated as cash offices. The Bank of Cyprus Group employed 2,860 staff worldwide. At 30 June 2024, the Group's Total Assets amounted to €25.5 bn and Total Equity was €2.6 bn. The Bank of Cyprus Group comprises Bank of Cyprus Holdings Public Limited Company, its subsidiary Bank of Cyprus Public Company Limited and its subsidiaries.

Bank of Cyprus Holdings Public Limited Company (the "Company" and together with its subsidiary, the "Group") is pleased to announce that, following successful listing of the Company's ordinary shares (ISIN code: IE00BD5B1Y92) (the "Ordinary Shares") on the Main Market of the Regulated Securities Market of the Athens Stock Exchange ("ATHEX") (the "Listing") on 17 September 2024, trading of the Ordinary Shares will commence today, 23 September 2024 at 10:15 a.m. (Greek time) under the symbol "BOCHGR". The opening price of the Ordinary Shares on ATHEX is equal to the closing price of the Ordinary Shares on the main market of the regulated market of the Cyprus Stock Exchange (the "CSE") on 20 September 2024, which is €4.78.

The Company also confirms that the delisting of the Ordinary Shares from the international commercial companies secondary listing category of the Official List of the London Stock Exchange Group plc (the "LSE") and the subsequent cancellation of the LSE listing took effect at 8:00 a.m. (London time) on 19 September 2024, as previously announced.

The Ordinary Shares will continue to be traded on the CSE under the symbol "BOCH/ΤΡΚΗ".

Ireland will remain the Company's home member state for the purpose of the EU Transparency Directive (2004/109/EC).

Bank of America Europe DAC ("BofA Securities") has acted as corporate broker to the Company in connection with the Listing.

Arthur Cox LLP acted as Irish legal advisers, PotamitisVekris acted as Greek legal advisers and Chryssafinis & Polyviou LLC acted as Cypriot legal advisers to the Company in relation to the Listing.

Mr. Takis Arapoglou, Chairman of the Group commented:

"The commencement of trading on the Athens Stock Exchange is another milestone for the Group, which is now a strong financial services organisation with a high-quality balance sheet, ample capital and liquidity, and sustainable recurring profitability. The board believes that the listing has the potential to enhance the liquidity of our shares and the Group's visibility among a broader group of relevant investors for the benefit of shareholders and the Group. We thank our shareholders for approving this important step in the Group's development and look forward to engaging with more investors as a result of our listing on the Athens Stock Exchange."

Disclaimer

The Company is not offering any new shares nor any other securities to the public in connection with the Listing. This announcement does not constitute an invitation or offer to sell, or the solicitation of an invitation or offer to subscribe for or to buy, any shares nor any other securities of the Company in any jurisdiction.

BofA Securities is the marketing name for the global banking and global markets businesses for Bank of America Corporation ("BAC"). Securities, strategic advisory, and other investment banking activities are performed globally by investment banking affiliates of BAC, including, in the U.S., Merrill Lynch, Pierce, Fenner & Smith Incorporated, which is a registered brokerdealer and member of FINRA and SIPC, and in other jurisdictions, locally registered entities, including Merrill Lynch International, which is regulated by the Financial Conduct Authority and authorised and regulated by the Prudential Regulation Authority in the United Kingdom.

BofA Securities nor any of its directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the Company, its subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

BofA Securities is acting exclusively for the Company and no-one else in connection with the Listing. BofA Securities will not regard any other person as its client in relation to the Listing and will not be responsible to anyone other than the Company for providing the protections afforded to its clients, nor for providing advice in relation to the Listing, the contents of this announcement or any transaction, arrangement or other matter referred to herein.