Investor Presentaiton

Total expenses Total expenses (€ mn) Other operating expenses Staff costs 114 105 104 103 47 45 44 56 58 59 59 58 1Q2014 2Q2014 3Q2014 4Q2014 Group Cost to Income Ratio 36% 35% 34% 33% 1Q2014 1H2014 9M2014 FY2014 • . to 4Q2014 Total expenses increased to €114 mn compared to €103 mn for 3Q2014 mainly due advertising, regulatory and ECB Comprehensive Assessment related costs, listing costs, and other advisory fees Staff costs for 4Q2014 at €58 mn broadly at the same level as in the previous quarters The cost-to-income ratio for FY2014 stands at 36% compared to 35% for the 9M2014, partly due to the increase of other operating expenses during 4Q2014 Bank of Cyprus 13 KOINO ΚΥΠΡΙ 2235

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