The investing public is informed that the next Interest Payment Date on the floating rate Capital Securities issued by the Bank of Cyprus Ltd is 20th February 2004.

The interest will be paid to those registered on the Capital Securities Registry on 11 February 2004 (Record Date).

According to the Trading Rules of the Cyprus Stock Exchange, as of 9 February 2004 the Capital Securities will be traded ex-interest (with respect to the 20th February 2004 interest payment).

The interest rate applicable to the said Capital Securities for the quarter ending on 19 February 2004 is 5,5%.