No intention to bid statement for Bank of Cyprus

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.

THIS IS AN ANNOUNCEMENT UNDER RULE 2.8 OF THE IRISH TAKEOVER PANEL ACT, TAKEOVER RULES 2022 ("IRISH TAKEOVER RULES").

FOR IMMEDIATE RELEASE

27 September 2022

LSF XI Investments LLC ("Lone Star")

No intention to bid statement for Bank of Cyprus Holdings plc ("Bank of Cyprus")

Lone Star confirmed today that it does not intend to make an offer for Bank of Cyprus. Accordingly, Lone Star will be bound by the restrictions set out in Rule 2.8 of the Irish Takeover Rules. Lone Star reserves the right within the next 6 months to set aside this statement where so permitted under Rule 2.8 (including Rule 2.8(c)(ii)).

Enquiries:

Statements required by the Irish Takeover Rules

The officers of Lone Star accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the officers (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.