Investor Presentaiton

Group Financial Results for the year ended 31 December 2020 • GDP contraction of 5.1% in 2020, significantly outperforming Euro area Open, small and flexible economy which has demonstrated historically that it can quickly recover from economic crises Unprecedented policy response mitigating COVID-19 impact; Re-introduction and tightening of containment measures in 4Q2020 for the second wave; expected to lead to some loss of momentum in economic recovery in early 2021 Successful management of the pandemic to date; Cyprus ranks first among EU countries in terms of coronavirus testing and fifth globally for the management of the pandemic² The development of effective vaccines is encouraging; successful vaccination programmes both in Cyprus and abroad expected to be strong catalysts for economic recovery; vaccines for 70% of the population over 18 expected to be available by the end of Jun 2021 The reduction in international tourist arrivals in 2020, was partly offset by domestic tourism, a trend expected to continue in 2021; A recovery in tourist activity is expected from 2H2021 and will be linked with international vaccine programmes UK, and Israel that account for >40% of tourism arrivals are well progressed with vaccination plans Economy contracted by 4.5% in 4Q2020; significant rebound expected in 2021 3.2% 1.4% 3.2% to 4.5% 3.8% to 4.2% -4.7% -4.5% 1.0% -12.6% -3.2% -4.3% -5.0% -5.1% -14.7% -6.8% 4Q2019 1Q2020 2Q2020 3Q2020 4Q2020 2020 2021E1 Cyprus Euro Area Tourist arrivals in 2020 impacted by COVID-19 1.6 2.3 -84% -83% 0.3 0.4 Jan-Jun Jul-Dec 2019 2020 GDP projections under the updated base scenario of Ministry of Finance, Central Bank of Cyprus, European Commission, the Economics Research centre of the University of Cyprus Lowy Institute https://interactives.lowyinstitute.org/features/covid-performance/ Source: Cyprus Statistical Service 1) 2) Bank of Cyprus Holdings 9

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