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Investor Presentaiton

Group Financial Results for the six months ended 30 June 2020 €0.9 bn NPE sale agreed, reducing NPE ratio to 22%¹ Helix 2 Agreement for the sale of €886 mn NPEs Completion expected in 1H2021 Gross consideration of 46% of gross book value and 29% of contractual balance³, payable in cash, of which 65% is deferred and paid in instalments over 48 months from completion, without any conditions attached The consideration can be increased through an earnout arrangement, depending on the performance of the Helix 2 portfolio NPEs reduced by 26% to €2.6 bn¹ NPE ratio reduced by 6 p.p. to 22%¹ Net NPEs reduced to €1.1 bn¹ (-89%1 since peak) Loss of €68 mn recorded in 1H2020 -36 bps CET1 capital impact at completion +10 bps CET1 capital impact upon full payment of deferred consideration (1) Calculations on a pro forma basis assume completion of the transaction (2) Allowing for IFRS 9 transitional arrangements (3) As at 30 September 2019 (4) Deferred Purchase Price Bank of Cyprus Holdings 26% NPE reduction 6 p.p. reduction in NPE ratio NPES (€ bn) NPE ratio -26% 3.5 2.6 -6 p.p. 28% 22% Jun 2020 Jun 2020 pro forma Jun 2020 for Helix 2¹ Jun 2020 pro forma for Helix 21 CET1 ratio at 14.4% 2 pro forma for Helix 21 14.3% 14.3% 14.4% 14.9% Total CET1 impact +10 bps: Mar 2020 Jun 2020 Jun 2020 pro forma for Helix 21 Jun 2020 post DPP4 payment -48 bps already included in 2Q2020 +12 bps on completion +46 bps upon full payment of deferred consideration 5
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