Universal Bank: Stake of P. Savvides at 6.6%

Pursuant to the provisions of directive CSE1/2006 of the Securities and Exchange Commission on the briefing of the investing public in case of an acquisition or sale of significant stake, we wish to inform you that we have acquired 400,000 shares in Universal Savings Bank Public Ltd. As a result, the stake of Mrs. Pavlos Savvides in the share capital of Universal Savings Bank Public Ltd has reached 6.6% from 3.96%.