As previously announced, Bank of Cyprus Public Company Ltd has agreed on the acquisition of performing loans and deposits and certain other assets and liabilities of The Cyprus Development Bank Public Company Ltd (cdbbank) (the "Acquisition").

The Acquisition is expected to be completed within October 2026, subject to obtaining the required regulatory approvals and the fulfilment of the remaining conditions set out in the relevant agreement.

This notification is provided pursuant to Regulation 23(1) of the Deposit Guarantee Scheme and Resolution of Credit and Other Institutions Regulations of 2016.

Bank of Cyprus Public Company Ltd