Investor Presentaiton

Group Financial Results for quarter ended 31 March 2021 Successful €300 mn Tier 2 issuance repositions Bank of Cyprus Orderbook oversubscribed almost 4x with more than 140 investors 10% • ⚫ Key highlights • Issuance of €300 mn Tier 2 notes in April 2021 to refinance outstanding €250 mn 9.25% Tier 2 issued in 2017 . Final orderbook oversubscribed almost 4x with more than 140 investors 14% 58% 18% Fund Managers Banks/Private Banks Hedge funds Other 1) Allowing for IFRS 9 and starting from 3Q2020, also for temporary treatment for certain FVOCI instruments transitional arrangements 2) Pro forma for Helix 2 (Portfolio A and B). Calculations on a pro forma basis assume legal completion of the transaction 3) • • More than 65% of orders from new investors Coupon of 6.625% is more than 250 bps lower than the previous Tier 2 issue Total capital ratio expected to increase by c. 100 bps to 19.2% 1,2,3 Tender offer to repurchase the €250 mn 9.25% Tier 2 announced alongside new issue The tender was extremely successful achieving a participation of 83% at a modest premium to market • The transaction represents a major milestone for the Group, and has helped to ... diversify the Group's investor base re-rate the Group's pricing in the international credit markets ... establish a foundation for future issuance (e.g. MREL) ⚫ ... demonstrate Group's proactive capital management: refinancing the existing Tier 2 at a significantly lower coupon and reducing carry cost • The highly successful Tier 2 capital refinancing will allow the Group to focus on evaluating opportunities for an MREL issuance, in terms of capital markets activity On the basis of 31 March 2021 figures. Together with the Existing Notes that remain outstanding after the Tender Offer of €43 mn, the Total Capital ratio pro forma for Helix 2 is expected to increase to 19.5%, including 28 bps relating to the outstanding Existing Notes. The Existing Notes are redeemable at the option of the Bank (subject to applicable regulatory consents) in January 2022. Bank of Cyprus Holdings 22

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