Investor Presentaiton

Group Financial Results for the year ended 31 December 2020 Revenue outlook: short-term stabilisation, while building a less capital intensive revenue growth model Revenue remains under pressure in the near term following acceleration of balance sheet de risking; Helix 2 reduces NII by €7 mn per quarter (slide 57); Interest on Net NPEs not received in cash, fully provided - Multiple initiatives put in place to deliver NII and less capital intensive non interest income with focus on fees, insurance and non-banking business NII initiatives - Grow performing book by c. 10% over the medium term - Grow international and shipping lending Efforts to improve credit spreads Price away or price correctly deposits through liquidity fees Fee and commission income initiatives Performing book to grow by c.10% Net loans (€ bn) 12.0 10.7 C.+10% Legacy 3.4 9.9 1.8 0.9 Performing 8.7 8.9 9.0 Dec 2018 Dec 2019 Dec 2020 Medium- term target FY2020 Medium term - Extension of liquidity fees to wider customer group as of February 2021 Fee and commission income / Total Assets c.70 bps > c.100 bps Total Revenues / RWAS c.5% > c.6% - Boost fee & commission income through new price list as of February 2021 Estimated positive impact of c.€13 mn p.a. of the above initiatives Increase average product holding through cross selling to under-penetrated customer base Introduce Digital Economy Platform to generate new revenue sources, leveraging the Bank's market position, knowledge and digital infrastructure Revenues/Total Assets Pro forma for Helix 2 (Portfolio A and B). Calculations on a pro forma basis which assume legal completion of the transaction 1) Bank of Cyprus Holdings c.260 bps > c.280bps 20

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