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This announcement contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014. Further to the agreement for the sale of Non Performing Loans announced on 3 August 2020 ( Helix 2 Portfolio A ), Bank of Cyprus Holdings Public Limited Company ( BOC Holdings and, together with its subsidiaries, the Group ) has reached agreement with funds affiliated with Pacific Investment Management Company LLC ( PIMCO ), for the sale of an additional portfolio of Non Performing Loans ( Portfolio B ) with a gross book value of €545 mn
1,2 (known as Helix 2 Portfolio B , or the Transaction ). Portfolio B had a contractual balance of €783 mn
3 and comprises c.16,000 loans, mainly to Retail and SME clients, secured over c.4,000 real estate collaterals. The net book value of the assets being sold amounts to €244 mn
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