CAir: Possibility of alliance with Air France, Alitalia and KLM - No commitment at present

With regard to the publications of newspaper “Alithia” dated October 12, 2003 on the admission of Cyprus Airways in an airline alliance with the participation of Air France, Alitalia and KLM, Cyprus Airways would like to clarify that this issue is still under examination and the contacts are exploratory. Cyprus Airways will proceed to the relevant announcement when necessary.