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CAIR: Absorbance of €31.4m via rights issue

Cyprus Airways Public Ltd would like to inform the investing public that the Period of Exercise of Rights expired on February 7, 2013.

According to the results, 272.9 million Rights were exercised from their shareholders who have been registered for 1,572 million shares, representing coverage of 69.8% including the participation of the Republic. The total capital absorbed by the Company is estimated at €31.4 million.

Pursuant to article 8 (Part B / 1-C) of the Prospectus dated December 28, 2012, the Company may at any time until June 21, 2013 (90 business days from February 7, 2013) to exercise the entire or part of the Rights that were not exercised by their holders and were not covered during the exercise period. Any disposal of indisposed shares will be carried out at the sole discretion of the Board of Directors at the same or higher price than the exercise price of the new shares.

The allocation letters of the new shares will be posted to the shareholders by February 18, 2013.

The date of listing and trading of the new shares in the CSE will be March 4, 2013.

For further information, please contact:

- CISCO (Eurolife House, 4 Evrou, Nicosia), tel. +357 22121800.

- The Company’s Head Office (21 Alkaiou, 2404 Engomi, PO Box 21903, Nicosia), tel. +357 22396000.

Monday, 11 February, 2013 - 10:14