Bank of Cyprus : TR-1 Notification of Holding -Carval

Standard Form TR-1

Standard form for notification of major holdings

NOTIFICATION OF MAJOR HOLDINGS (to be sent to the relevant issuer andto the Central Bank of Ireland)i

1. Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Bank of Cyprus Holdings Public Limited Company

(LEI 635400L14KNHZXPUZM19)

2. Reason for the notification (please tick the appropriate box or boxes):

[√] An acquisition or disposal of voting rights

[ ] An acquisition or disposal of financial instruments [ ] An event changing the breakdown of voting rights [ ] Other (please specify)iii:

3. Details of person subject to the notification obligationiv :

Name:	City and country of registered office (if applicable):
1a.	CVI AA Cayman Securities LP	1a. Grand Cayman, Cayman Islands
1b.	CarVal AA GP LP	1b. Grand Cayman, Cayman Islands
2a.	CVI AV Cayman Securities LP	2a. Grand Cayman, Cayman Islands
2b.	CarVal AV GP LP	2b. Grand Cayman, Cayman Islands
3a.	CarVal CCF Cayman Securities Ltd	3a. Grand Cayman, Cayman Islands
3b.	CarVal CCF GP LP	3b. Grand Cayman, Cayman Islands
4a. CVI CVF III Cayman Securities Ltd	4a. Grand Cayman, Cayman Islands
4b.	CarVal CVF III GP LP	4b. Grand Cayman, Cayman Islands
5a. CVI CVF IV Cayman Securities Ltd	5a. Grand Cayman, Cayman Islands
5b.	CarVal CVF IV GP LP	5b. Grand Cayman, Cayman Islands
6a. CVI CVF V Cayman Securities Ltd	6a. Grand Cayman, Cayman Islands
6b.	CarVal CVF V GP LP	6b. Grand Cayman, Cayman Islands
7a. CVI CVF II Lux Securities Trading Sarl	7a. Luxembourg, Luxembourg

7b.	CarVal CVF II GP LP	7b. Grand Cayman, Cayman Islands
8a. CVIC Cayman Securities Ltd	8a. Grand Cayman, Cayman Islands
8b.	CarVal International Credit GP LP	8b. Grand Cayman, Cayman Islands
9a. CarVal GCF Cayman Securities Ltd	9a. Grand Cayman, Cayman Islands
9b.	CarVal GCF GP LP	9b. Grand Cayman, Cayman Islands
10a.	CarVal Investors GB LLP	10a.	London, England
10b.	CarVal Investors, LP	10b.	Delaware, United States

4. Full name of shareholder(s) (if different from 3.)v:

CVI AA Cayman Securities LP

CVI AV Cayman Securities LP

CarVal CCF Cayman Securities Ltd

CVI CVF III Cayman Securities Ltd

CVI CVF IV Cayman Securities Ltd

CVI CVF V Cayman Securities Ltd

CVI CVF II Lux Securities Trading Sarl

CVIC Cayman Securities Ltd

CarVal GCF Cayman Securities Ltd

5. Date on which the threshold was crossed or reachedvi:

19th January 2021

6. Date on which issuer notified:

19th January 2021

7. Threshold(s) that is/are crossed or reached:

Above 4%

8. Total positions of person(s) subject to the notification obligation:

	% of voting rights	% of voting rights		Total number of
	through financial	Total of both in %
	attached to shares	voting rights of
	instruments	(9.A + 9.B)
	(total of 9.A)	issuervii
	(total of 9.B.1 + 9.B.2)
Resulting situation
on the date on which	4.23%	n/a	4.23%	446,199,933
threshold was
crossed or reached
Position of previous	3.11%	n/a	3.11%
notification (if
applicable)

9. Notified details of the resulting situation on the date on which the threshold was crossed or reachedviii:

A: Voting rights attached to shares

Class/type of	Number of voting rightsix		% of voting rights
shares
ISIN code (if	Direct		Indirect	Direct	Indirect
possible)
IE00BD5B1Y92	18,862,382		-	4.23%	-

SUBTOTAL A 18,862,382

4.23%

B 1: Financial Instruments according to Regulation 17(1)(a) of the Regulations

			Number of voting
Type of financial	Expiration	Exercise/	rights that may be
acquired if the	% of voting rights
instrument	datex	Conversion Periodxi
instrument is
			exercised/converted.

SUBTOTAL B.1

B 2: Financial Instruments with similar economic effect according to Regulation 17(1)(b) of the Regulations

Type of financial	Expiration	Exercise/	Physical or	Number of
Conversion	cash	% of voting rights
instrument	datex	voting rights
Period xi	settlementxii

SUBTOTAL

B.2

10. Information in relation to the person subject to the notification obligation (please tick the applicable box):

[ ] Person subject to the notification obligation is not controlled by any natural person or legal entity and does not control any other undertaking(s) holding directly or indirectly an interest in the (underlying) issuer.xiii

[√] Fullchain of controlled undertakings through which the voting rights and/or the

financial instruments are effectively held starting with the ultimate controlling natural person or legal entityxiv:

		% of voting rights	Total of both if it
	% of voting rights if	through financial
	equals or is
	it equals or is	instruments if it
Namexv	higher than the
higher than the	equals or is higher
	notifiable
	notifiable threshold	than the notifiable
	threshold
		threshold
CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal AA GP LP	n/a	n/a	n/a
CVI Aquille d'Argentiere Fund B LP	n/a	n/a	n/a
CVI AA Master Fund II LP	n/a	n/a	n/a
CVI AA Cayman Securities LP	0.28%	n/a	0.28%

CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal AV GP LP	n/a	n/a	n/a
CVI Aquille Verte Fund B LP	n/a	n/a	n/a
CVI AV Master Fund II LP	n/a	n/a	n/a
CVI AV Cayman Securities LP	0.08%	n/a	0.08%

CarVal Investors, LP	n/a	n/a	n/a
CarVal Investors GB LLP	n/a	n/a	n/a
CarVal CCF GP LP	n/a	n/a	n/a