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Cyprus Airways Announcement

Direct News Source

24-Feb-2012 The meeting of the Company's Board of Directors which was to take place yesterday, 23 February 2012, for continuation of the discussion on the subject of strengthening the capital base of the Company, did not take place because it had not been possible to complete the consultations between the Company and the Government as the major shareholder of the Company.

The above matter will be discussed at the meeting of the Board already convened for 28 February 2012 for the purpose of approving the indication of result for the year ended 31 December 2011 and the Company will make the required announcements.