Sale by auction of 13-weeks Treasury Bills issued on 19.1.2005

The Central Bank of Cyprus will be offering by auction on a bid-price basis of upto £50,0 mn Treasury Bills with date of issue 19.1.2005 and 13 weeks maturity. An Announcement regarding the aforesaid auction is published in the Official Gazette of the Republic on 14^th January, 2005.

Bids on the prescribed form will be accepted from 17.1.2005 until 9:00 a.m. on 19.1.2005. Copies of the Announcement on the auction procedures may be obtained from the Securities Section of the Central Bank of Cyprus.