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Investor Presentaiton

Macroeconomic overview Total Government revenue vs expenditure (% of GDP) ■Total revenue ■Total expenditure Prudent fiscal policy delivers strong results (% of GDP) -0,2% -0,1% -0,9% 42,8% 42,5% 42,1% 41,4% 40,4% 40,6% 40,5% 39,6% 39,1% -4,8% -4,9% 39,0% -5,8% -5,8% 37,7% 37,0% 36,3% 36,5% -4,8% -5,8% -5,8% -5,9% -7,4% -7,7% Unemployment will ease gradually 2010 2011 2012 2013 2014 2015f 2016f 2010 2011 2012 2013 2014 2015f 2016f 11,9% 0,5% 7,9% 15,9% 16,1% 15,6% 2.500 14,6% 13,3% 2.000 1,2% 1,6% 0,2% -0,1% 1.500 -4,2% 1.000 -5,2% 500 2011 2012 2013 2014 2015* 2016* 2017* 0 Actual fiscal balance & current forecast Original Programme fiscal target Maturity profile of Cyprus Government Debt (€ mn) 3.000 Other Loans ■Domestic Bonds/T-bills ■IMF-ESM loans EMTN Securities Unemployment rate (% of labour force) -Employment growth % Figures for 2015, 2016 and 2017 are based on European Commission report 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 SOURCE: Statistical Service of Republic of Cyprus, European Commission, Bloomberg, IMF and company reports, Eurostat 2029 2030 2031 2032 2033 2034 2035+ Bank of Cyprus 59 KOINO WKYпPIW 1237 -2,8%
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