Why Cyprus?

Why Cyprus?‣Strategiclocation‣ BetweenEurope,Asia andAfrica‣ Convenienttime zone4

A reputable financial centre‣Cyprus is on the „OECD‟ white list‣Extensive Double Taxation Treaties network‣Lowest corporate tax rate in EU, 10% on profits‣3 rd largest fleet in EU• Tax based on the net tonnage on vessels‣Business friendly Government5

What others think of CyprusRank 37 Rank 406

What others think of CyprusRank 22Best Countriesfor Business7

The biggest investor in Russia“By the end of 2010, accumulatedforeign capital in Russia reached 300.1billion dollars, up 11.9 percent from2009. Of that amount, 20.7 percentcame from Cyprus which took firstplace by volume of investments inthe Russian economy”The China Economic Net reported on 26.2.2011 quoting the RussianStatistical Agency (Rosstat) published figures.8

Foreign Direct Investment FlowsFDI into Year Volume (mn) % Total RankRussiaQ1-Q32010$ 7.267 31,0% 1 stUkraine 2009 $ 8.593 21,5% 1 stIndia 2009 € 1.623 6,0% 4 thRomania 2008 € 1.896 3,9% 8 thSource: IMF9

The Cyprus EconomySailing safely throughthe perfect storm10

Comparisons of debt/GDPratios across the EU at end 2010142,8119,096,8 96,293,085,1 83,2 81,7 80,2 80,0 80,072,368,062,7 60,8 60,155,048,444,7 43,641,0 39,8 38,5 38,2 38,030,818,4 16,26,6GR IT BE IE PO EA GE FR HU EU UK AU MT NE CY SP PL FN LV DK SK SW CZ LH SL RO LX BU ESDebt /GDP comparison (%)Source: Eurostat11

Public Debt as a % of GDP66.0 68.8 70.8 70.565.458.358.060.865.267.064.5 63.248.32002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012Public debt as % of GDP Public debt as % of GDP ** After the implementation of the fiscal austerity measures announced by the Cyprus governmentSource : European Commission, IMF12

QATARBOCVTTICyprus going strong in 2010Total deposits increase by 20% (€11,8 billion) during 2010 asinternational investors illustrate their confidence in Cyprus“Our decision to proceedwith such a large investmentin Cyprus is due to the factthat the Cypriot economyhas not been affected to agreat extent by the (world)financial crisis. The Cyprioteconomy has opportunitiesfor growth.”Qatar's Emir, Sheikh Hamadbin Khalifa al-ThaniNicosia 21 April 2010“Russian tycoon Mr DmitryRybolovlev became thelargest shareholder in Bankof Cyprus, bought a 9.7%share of the credit business.On Monday, Bank of Cyprusreported that the companyOdella Resources Ltd hasacquired 45.3 million sharesfrom the stock of bankemployees (at the price of4,9 euros per share), thenbought a small stake in thebank, purchased in themarket. As a result, MrRybolovlev, being the ownerof Odella Resources Ltd,holds almost 9,9% ofBOCY’s capital.”“This terminal will turnCyprus into a regional oilproduct hub allowing us toexport products from thisterminal into other parts ofthe east Med” VTTI CEORob Nijst told a newsconference in the Cypriotcapital Nicosia. Vitol theworld's largest energytrader, plans to build an oilimport and distributionterminal in Cyprus.13

MARFIN LAIKIBOUYGUES BATIMENTMIDDLE EASTCORPORATIONAnd stronger in 2011Deposits continue to grow in 2011,recording 1,6% growth by June endMarfin Laiki Bank raises€488 MillionThe largest ever Capitalraising completed by aCypriot based corporationwith more than 70% ofthe funds committedcoming from abroad.Total funds subscribedfrom the existingshareholders were above€540 million, resulting inan oversubscription of111%.Bouygues is investingmore than €130 millionfor participation and theconstruction of theAlakati, residential andcommercial developmentin Nicosia.Bouygues will alsoparticipate in theconstruction of theLarnaca marina-Thewaterfront.http://www.bouyguescyprusbranch.com/Purchase of land inLarnaca sea front for theconstruction of a five starhotelSimilar investments byIsraeli interests in samearea in the last few years14

Cyprus in 2011-Positive signs‣ Income from tourism flourishing: 17% growth‣ 4% increase in company registrations in 1H2011‣ All Banks have opted for the PSI scheme (Private Sector Involvement) andalready wrote down relative provisions for their Greek Government Bonds –amidst strong operating profits‣ Corporate tax income up by 14% for 8 months‣ Investment flow into specific projects underway‣ €2,5bn loan from Russia with low interest rate15

Great potential 2012 onwards ...16

Exploration underway►►►►►Plot 12 licensed to US‟s Noble EnergyNoble has Israel‟s Leviathan rights – findings est.$65bnPlot 12 neighbours Leviathan findingIsrael-Cyprus cooperationThe first stage that started already, includes theapproach of gas and oil reserves at 2.000 m awayfrom the core of the basin and will provide strongevidence for the quality and quantity of thereserves. The second stage that will begin afterprocessing of the data will include drilling at thepoint where the reserves have been foundAccording to Professor Michael Economides (University of Houston and Editor-in-Chief of EnergyTribune “… the geological evidence shows that the Aphrodite gas field (plot 12) contains at least theamount of gas of Leviathan or even 50% more”17

Viscous Decretion Disk• Lee, Saio, Osaki 1991H

Cyprus Banking‣ A market driven system based on English law‣ Legacy of the British colonial rule‣ Marfin Laiki Bank, BOC – more than 100 years old‣ Legal and Banking structures (still) reflect Britishequivalents‣ Corporations Act 1925 - Marfin Laiki is number 1 onRegister of Companies‣ Open, competitive, multivariate, multidimensional, evenmulticultural Banking Industry‣ Well capitalised and profitable bankswww.acb.com.cy19

Banking Sector : Strong Loan to Deposit ratioSystem loans & deposits (€bn)7570656055504540353025►►►Cyprus system has comfortable liquidityNo deposit withdrawals by internationalcustomersLoan growth under control► June 2011 loan / deposit at 91.6%► €1.13bn increase in deposits in 2011(+1.6% y/y) / 6.3% y/y growth on depositsLoansDepositsLoans to deposits ratio comparison (%)157%147%129% 125% 124% 124%116%86%Irish Banks Portugese Banks French Banks European Banks Spanish Banks UK Banks German Banks Cyprus Banks &CoopsSource: KBW, Central Bank of Cyprus20

Central Bank of Cyprus• Cyprus joined euro area on 1 January 2008• Interest rate management is now the responsibilityof the European Central Bank• Governor is a member of the Board of ECB• The primary objective of the ECB is to ensure pricestability, which means keeping inflation rates below,but close to, 2%• The CBC supervises the commercial banks• www.centralbank.gov.cy21

Strong & ProactiveBanking regulatory Environment• High Liquidity reserve requirements1. Euro: minimum stock liquidity ratio of 20%2. FX: minimum stock liquidity ratio of 70% (invested inliquid assets A1/P-1 and above)• Strict LTV criteria1. 60%-80% residential mortgages2. 50-70% real estate• Strict definition of capital for capital adequacyrequirements1. Minimum requirements above Basle II• Deposit Protection Scheme up to €100.00023

Well capitalised Banks€mThree Major Cyprus Banks(Marfin Popular Bank Public Co Ltd, Bank of Cyprus PLC, Hellenic Bank PublicCompany Ltd)2010 1H10 1H11Operating income 2,731 1,326 1,457Operating profit 1,182 571 675Provisions 716 307 427Profit after provisions & tax 401 227 219Provision for Greek Governmentbonds - - 515Net profit / loss 401 227 - 296Total equity 6,805 6,422 8,044Capital adequacy ratio (average) 13.53% 12.13% 13.00%24

IMF February2011 report“The Cypriot banking system has weathered theeconomic difficulties well and appears to be in soundoverall condition. It has benefited from reliance ondeposits rather than less stable sources of financing,conservative lending practices, close attention to capital andliquidity buffers, and vigilant supervision. These factors havehelped shield the banking system from the pressures thatare prevalent in many other countries. The ongoing risks ininternational financial markets call for a continuation ofconservative balance sheet management and carefulsupervision”.25

An excellentExampleMarfin Popular Bank Public Co Ltd27

Group Profile - 110 Years Old‣ Marfin Popular Bank (MPB) is strategically positionedas an emerging regional player with two homemarkets, Greece & Cyprus and operations spanning in10 countries in Emerging Europe, UK, Malta, Russiaand Ukraine‣ Regional bank with focus on corporate banking, wealthmanagement and international business banking‣ Ten years of robust growth both organically andthrough a series of mergers & acquisitions andstrategic alliances‣ Successful management track record andentrepreneurial culture‣ Head-Office in Cyprus‣ 486 branches, over 9.000 staffwww.marfinbank.com28

The widest international presenceEstoniaBranches:2RussiaBranches:27UK*Branches:5UkraineBranches:73RomaniaBranches:27SerbiaBranches:26GreeceBranches:179CyprusBranches:115* 1 Branch is located inGuernseyMaltaBranches:4129

The first Cypriot Banking Group to set uppresence in People’s Republic of China‣Assist the existing clientele of the Bank in the 11countries it has presence, entering the growingChinese market.‣Support the efforts of Chinese businesspersonswishing to expand to Europe and Asia through Cyprus‣Strengthen the trade and business ties betweenCyprus and China.‣The Representative office will be housed in the heartof Beijing’s Central Business district, in the lucrativeChina World Trade Centre,‣Expected to start operations in November 2011.With Chinese speakers, the “Marfin Popular Bank Public Co Ltd BeijingRepresentative Office” is ready to assist you.Contact details:Ms Popi VryonideTel: +357 9967024pvryonide@marfinbank.comMs Daphne Hutagalung+86 13810072919www.marfinbankchina.cn

Successful rights issue positions the bank asone of the best capitalized in the EurozoneCompletion of rights issue boosts capital positionCapital ratios among the highest in the EU banking sector(in € bn)3.73.03.23.32.82.32.52.02.013.7%11.5% 11.6% 12.0%9.1%10.0% 9.3%7.7% 7.3%FY09 FY10 FY10 (Proforma)*Core tier I Tier I CARMPB ranks secondamong Greek &Eurozone peers% Tier I ratioMPB 72 nd bestEuropeancapitalised bank€ Tier 1*source. The Banker -June 2011* Proforma for the completion of the €488m rights issue & the disposal of the Australian subsidiaryEurozone banks rankings based on Tier I ratio(2011E)Bank 1*MPBBank 3Bank 4Bank 5Bank 6Bank 7Bank 8Bank 9Bank 10Bank 11Bank 12Bank 13Bank 14Bank 15Bank 16Bank 17Bank 18Bank 19Bank 20Bank 21Bank 22Bank 23Bank 24Bank 25Bank 26Bank 27Bank 28Bank 29Bank 30Source: analysts‟ reports8.28.18.18.08.07.97.87.78.98.88.79.89.89.79.79.69.412.012.011.811.611.411.411.311.311.110.810.610.513.132

Strong Shareholders-AlliesMPB shares are listed on the Athens and the Cyprus Stock Exchanges• Biggest shareholder is Dubai Investment Fund with 18,81%• Participated in recent capital increase• www.dubaigroup.com/• 2nd biggest is Marfin Investment Group (MIG) with 9,55%• Listed in Athens Stock Exchange• €5,19bn capital raising through private placement completedin July 2007• Most recent investment: Olympic Airlines• Participated in recent capital increase• www.marfininvestmentgroup.com/33

Key Financial Information(1) Proforma for the completion of the €488.2m rights issue and the disposal of the Australian subsidiary(2) Adjusted for the €3m exceptional tax per quarter(3) Excluding €8.2m one-off charge reported in 2Q10 and €12.8m in 3Q0934

Strong Operating IncomeMarfin Popular Bank Public Co Ltd€m 2010 1H10 1H11Operating income 1,012 519 524Operating profit 367 206 210Provisions 266 141 183Profit after provisions & tax 95 53 24Provision for GreekGovernment bonds - - 221Net profit/loss 95 * 53 -197**Total equity 3,536 3,563 3,946Capital adequacy ratio 13.70% 11.50% 13.00%* Adjusted for one-off tax** Adjusted for the PSI impact35

Marfin Laiki Bank Achievements“Quality Recognitionfor OutstandingAchievement Award,2009 - 2010” (Bestin Class STP Rates)Awarded by“JP Morgan“Best Bankin Cyprusin 2009”Awardedby “WorldFinance”“Special 10 YearRecognition Award forthe period 2000-2009”For the quality of USpayments Awarded by“JP Morgan” –(first time awarded to aCypriot Bank)“Straight-throughProcessing (STP)Excellence Award”Awarded by“Deutsche Bank”2009Top 1000 World Banks2009 2010Rank 240 209FT Banker magazine36

International Business Banking3737

A Pioneer inInternational Business Banking•In International Banking since 1985•Fastest growing unit In Cyprus in the last 4 years•6 International Business Centres•Experienced staff with specialized language skills•Extended working hours•Confidentiality throughout the banking relationship•In-house Lending Team for local needs•In-house International Corporate Banking Team•Pioneer in Automation38

Our Service Promise• Strategic value creation via quality of service• We are now the benchmark for service level• Assigned Business Development Officer in charge of our relationshipwith the customer• Specified Team handling of customer needs (documentation/ accountopening, payment transactions, deposits) Annual focus teamresearch confirms our strengths in service• Partners, not sellers: All of our management and staff has to attendtraining on the Integrity Selling Approach39

Products and Services40

Contact UsINTERNATIONAL BUSINESS BANKING (339)Mailing Address: PO Box 22032,CY-1598 Nicosia, CYPRUSTel: +357 22 363923Fax: +357 22 363900e-mail: marfinibb@marfinbank.comwww.marfinbank.com.cy41

DISCLAIMERRecipients of this presentation in jurisdictions outside the UK or the US should inform themselves about and observe any applicable legalrequirements. This presentation is only being made available to interested parties on the basis that: (A) if they are UK persons, they are (i)persons who are "Investment Professionals", as described in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion)Order 2005 (the "Financial Promotion Order"), (ii) persons falling within any of the categories of persons described in Article 49 of the FinancialPromotion Order, (iii) persons to whom this Memorandum may otherwise lawfully be made available; (B) if they are United States persons, theyare ‘accredited investors’ as defined under Rule 501(a) promulgated under the United States Securities Act of 1933, as amended; or (C) areoutside the United Kingdom and the United States and eligible under local law to receive this Memorandum (all such persons collectively beingreferred to as “Relevant Persons”). By accepting this document you represent and warrant that you are such a person. This document mustnot be acted on or relied on and should be returned to Marfin Popular Bank by persons who are not Relevant Persons. Any investment orinvestment activity to which this communication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.Each person that receives a copy, by acceptance thereof, represents and agrees that he/she will not distribute or otherwise make available thisdocument to any other person.This presentation contains forward-looking statements, which include comments, statements and opinions with respect to our objectives andstrategies, and the results of our operations and our business, considering environment and risk conditions.However, by their nature, these forward-looking statements involve numerous assumptions, uncertainties and opportunities, both general andspecific. We caution that these statements represent the Group’s judgments and future expectations and that we have based these forwardlookingstatements on our current expectations and projections about future events. The risk exists that these statements may differ materiallyfrom actual future results or events and may not be fulfilled. We caution readers of this presentation not to place undue reliance on theseforward-looking statements as a number of factors could cause future Group results to differ materially from these targets.Forward-looking statements may be influenced in particular by factors such as movements in local and international securities markets,fluctuations in interest rates and exchange rates, the effects of competition in the areas in which we operate, general market, macroeconomic,governmental and regulatory trends and changes in economic, regulatory and technological conditions. We caution that the foregoing list is notexhaustive.When relying on forward-looking statements to make decisions, investors should carefully consider the aforementioned factors as well as otheruncertainties and events. Any statements regarding past trends or activities should not be taken as a representation that such trends oractivities will continue in the future. All forward - looking statements are based on information available to Marfin Popular Bank Public Co Ltd.on the date of this presentation and Marfin Popular Bank Public Co Ltd. assumes no obligation to update such statements, unless otherwiserequired by applicable law.Nothing on this presentation should be construed as a solicitation or offer, or recommendation, to acquire or dispose of any investment or toengage in any other transaction. Neither this presentation nor a copy of it may be taken or transmitted into Australia, Canada or Japan, ordistributed, directly or indirectly, in Australia, Canada or Japan. Any failure to comply with this restriction may constitute a violation ofAustralian, Canadian or Japanese securities law. The distribution of this presentation in other jurisdictions may be restricted by law and personsinto whose possession this presentation comes should inform themselves about, and observe, any such restrictions.42