P/E Report

Investments Code Company Year Adjusted EPS Price as of 05/01/2009 P/E  ESI Era Split Capital Ltd (Income) N/A 0.077 N/A   2008 N/A

Tourism Code Company Year Adjusted EPS Price as of 05/01/2009 P/E  LBHG Libra Holidays Group Ltd (Preference Shares) 2005 -0.001 0.110 -91.667  LHG Libra Holidays Group Plc 2002 0.056 0.060 1.071   2008 N/A

Main Market Code Company Year Adjusted EPS Price as of 05/01/2009 P/E  APC A. Panayides Contracting Public Ltd 2003 0.036 0.240 6.685  BCSC BANK OF CYPRUS CAPITAL SECURITIES N/A 98.880 N/A  BOCY Bank of Cyprus Public Co. Ltd 2004 0.065 2.690 41.194  CPB Marfin Popular Bank Public Co Ltd 2003 0.011 1.910 167.544  HB Hellenic Bank Public Co. Ltd 2003 -0.048 1.040 -21.488  LOG Logicom Ltd 2003 0.018 0.700 39.773  LUI Louis Plc 2005 0.022 0.160 7.207  MAI Muskita Aluminium Industries Plc 2003 0.054 0.810 14.917  OPT Options Cassoulides Plc 2003 -0.064 0.180 -2.817  ORF Orfanides Public Co Ltd 2003 0.021 0.220 10.577  SFS SFS Group Public Co. Ltd 2003 0.009 0.500 58.824  TSH A. Tsokkos Hotels Public Ltd 2003 0.010 0.150 14.423  VCW Vasiliko Cements Public Co. Ltd 2003 0.063 1.450 22.871  ZRP A. Zorpas & Sons Public Ltd 2003 0.124 2.080 16.720   2008 N/A

Parallel Market Code Company Year Adjusted EPS Price as of 05/01/2009 P/E  ALL Alliance International Reinsurance Public Co. Ltd 2003 0.012 0.440 36.975  APE A & P Enterprises Public Co. Ltd 2003 0.004 0.130 35.135  ASP ASPIS Holdings Public Co. Ltd 2005 0.007 0.580 85.294  CAIR Cyprus Airways Public Ltd 2003 -0.053 0.090 -1.685  CAP C.A Papaellinas Trading Public Co. Ltd 2003 0.063 1.000 15.898  DHH D.H. Cyprotels Plc 2003 -0.012 0.040 -3.333  ERME Ermes Department Stores Plc N/A 0.260 N/A  FWW Woolworth (Cyprus) Properties Plc 2003 0.058 0.930 15.979  GAP G.A.P. Vassilopoulos Public Ltd 2003 0.016 0.160 9.877  GLC Global Consolidator Public Ltd 2003 -0.139 0.010 -0.072  KAN Kanika Hotels Public Co. Ltd 2003 0.006 0.110 18.333  KYTH K. Kythreotis Holdings Public Ltd 2003 0.007 0.160 22.535  LHH Lordos Hotels Holdings Ltd 2003 0.008 0.260 34.211  LI Laiki Investments E.P.E.Y Public Co. Ltd 2003 -0.006 0.100 -16.949  LPL Lordos United Plastics Public Ltd 2003 0.001 0.110 157.143  MIT MITSIDES PUBLIC COMPANY LTD N/A 0.840 N/A  PAPA C.A.C. Papantoniou Public Co. Ltd 2003 0.039 1.530 39.332  PETS Andreas Petsas and Sons Public Ltd 2003 -0.042 0.230 -5.542  PHIL Phil. Andreou Public Limited 2003 -0.006 0.140 -24.561  USB Universal Bank Public Ltd 2003 -0.229 2.410 -10.524   2008 N/A

Banks Index Code Company Year Adjusted EPS Price as of 05/01/2009 P/E  BCCB BANK OF CYPRUS BONDS N/A 86.000 N/A   2008 N/A

Alternative Market Code Company Year Adjusted EPS Price as of 05/01/2009 P/E  ACD K.Athienitis Contractors Developers Public Ltd 2003 0.053 0.510 9.605  ACL Andreas Coullapides Public Co. Ltd 2003 0.003 0.121 48.400  ACR Astra Self Drive Cars Public Ltd 2003 -0.132 0.250 -1.901  ACS Avacom Public Co. Ltd 2003 -0.039 0.090 -2.332  AD ADHP Holdings Public Company Ltd 2003 -0.012 0.160 -13.223  AGRO Agros Development "Proodos" Public Ltd 2003 0.009 2.800 314.607  ANC Amathus Public Ltd 2003 -0.011 0.140 -12.727  ANCB Amathus Navigation Co. Ltd Guaranteed Bonds N/A 94.200 N/A  ANS Avacom Net Public Co. Ltd 2003 -0.088 0.030 -0.341  AQS Aqua Sol Hotels Public Company Ltd 2003 0.013 0.100 7.752  ARD Aristo Developers Plc 2003 0.050 2.100 42.424  ASG A.S.G. (Andy Spyrou) Group Public Ltd 2003 0.002 0.440 275.000  AST Astarti Development Plc 2003 0.046 0.460 10.022  ATL Atlantic Insurance Company Public Ltd 2003 0.017 1.300 75.145  BEN Brainstorm Enterprises Public Ltd 2003 0.012 0.590 49.167  BLUE Blue Island Plc 2003 -0.017 0.300 -17.647  CAR Caramondani Bros Public Co. Ltd 2003 0.012 0.880 76.522  CBH Constantinou Bros Hotels Public Co. Ltd 2003 0.007 0.250 34.247  CCC Cyprus Cement Public Co. Ltd (N) 2003 -0.001 0.340 -309.091  CCCH C.C.C. Holdings & Investments Public Co. Ltd 2003 -0.001 0.470 -671.429  CCCT C.C.C. Tourist Enterprises Public Co. Ltd (H) 2003 -0.015 0.090 -6.000  CFI Cyprus Forest Industries Public Ltd 2003 0.272 2.690 9.879  CFL Ceilfloor Public Co. Ltd 2003 -0.150 0.140 -0.931  CHAM Champignon (Cyprus) Public Co. Ltd 2003 -0.053 0.020 -0.376  CHAP Charilaos Apostolides Public Ltd 2003 -0.008 0.100 -12.195  CJ Chris Joannou Public Ltd 2003 0.010 0.150 15.000  CLA Claridge Public Ltd 2003 0.001 0.090 69.231  CLL CLR Investment Fund Public Ltd 2003 0.001 0.050 100.000  CLR CLR Capital Public Ltd 2003 -0.022 0.040 -1.810  COS Cosmos Insurance Public Co. Ltd 2003 0.008 0.200 25.974  COV Toxotis Investments Public Ltd 2003 -0.048 0.100 -2.079  CPIH CPI Holdings Public Ltd 2005 0.006 0.390 60.938  CTC Cyprus Trading Corporation Plc 2003 0.028 1.000 35.842  CYP Cyprint Plc 2005 0.014 0.620 43.972  DES Dimco Public Co. Ltd 2003 0.001 0.210 210.000  DISP Display Art Plc 2002 -0.051 0.130 -2.544  DOME Dome Investments Public Co. Ltd 2003 -0.018 0.700 -38.889  EFR Efremico Holdings Public Ltd 2003 -0.194 0.030 -0.155  ELF Ellinas Finance Public Co. Ltd 2003 -0.019 0.290 -15.026  ERP Europrofit Capital Investors Public Ltd 2003 0.006 0.200 36.364  EXE Cyventure Capital Public Co. Ltd 2003 -0.042 0.210 -4.953  EXF G & K Exclusive Fashions Public Co. Ltd 2003 -0.265 0.220 -0.829  EXIN Exelixis Investments Public Ltd 2003 -0.007 0.400 -57.143  FBI Alkis H. Hadjikyriakos (Frou Frou Biscuits) Ltd 2003 0.008 0.110 13.580  FRH Renos Hadjiioannou Farm Public Co. Ltd 2003 0.001 0.030 50.000  KARA Karaolis Group Public Ltd N/A 0.150 N/A  KARK Karkotis Manufacturing and Trading Public Ltd 2002 -0.002 0.190 -95.000  KEO KEO Plc 2003 0.349 2.000 5.724  KG K+G Complex Public Co. Ltd 2003 0.001 0.140 140.000  KMC Construction Works Costas Michaelides Ltd 2003 0.044 0.570 13.043  KRO Kronos Distribution Agency Public Ltd 2003 0.030 0.600 19.802  LAS Laser Investments Public Ltd 2003 -0.003 0.300 -96.774  LCH Leptos Calypso Hotels Public Ltd 2003 -0.010 0.120 -12.500  LEM C.T.O. Public Company Ltd 2003 0.002 0.170 113.333  LIB Aspis Liberty Life Insurance Public Company Ltd 2003 -0.028 0.080 -2.847  MCC Multichoice (Cyprus) Public Co. Ltd 1999 0.006 0.100 15.625  MINE Minerva Insurance Co. Public Ltd 2002 -0.062 0.090 -1.456  MPT Mallouppas & Papacostas Public Co Ltd 2003 -0.008 0.300 -36.145  MSV Modestou Sound & Vision Public Co. Ltd 2003 -0.037 0.030 -0.811  NEM Nemesis Constructions Public Co. Ltd 2003 0.008 0.290 36.250  NMT New Marathon Tours Public Company Ltd 2003 -0.085 0.020 -0.234  PES Filoktimatiki Public Ltd 2003 0.006 1.260 221.053  PGE Pierides Holdings Plc 2003 0.010 0.170 16.505  PHC PHC Franchised Restaurants Public Ltd 2003 0.030 0.320 10.526  PHL Petrolina Holdings Ltd 2003 0.011 0.490 45.794  PIPF Pipis Bros Farm Public Company Ltd 2003 0.009 0.120 13.483  PLY Plyntex Public Ltd 2003 -0.139 0.060 -0.433  PND Pandora Investments Public Ltd 2003 0.002 0.220 95.652  PROP A.L. Prochoice Group Public Ltd 2003 -0.014 0.070 -5.072  PTL PRIMETEL PLC N/A 0.200 N/A  RAI RAI Consultants Public Ltd 2002 0.010 0.110 10.891  ROL Rolandos Enterprises Public Ltd 2003 0.003 0.080 29.630  ROY Royal Highgate Public Co. Ltd 2003 -0.004 0.050 -14.286  SAFS SAFS Holdings Public Ltd 2002 -0.128 0.020 -0.156  SAL Salamis Tours (Holdings) Public Ltd 2003 -0.100 0.130 -1.299  SEAS Sea Star Capital Plc 2003 -0.002 0.140 -82.353  SHL Stademos Hotels Plc 2003 -0.064 0.490 -7.656  SNET Spidernet Services Public Ltd 2003 -0.002 0.140 -70.000  SUP Suphire Holdings Public Ltd 2003 0.005 0.020 3.846  TKYS Globalvalue Plc N/A 2.590 N/A  TLA Telia Aqua Marine Public Ltd 2003 0.014 0.310 21.528  TLM D & M Telemarketing Public Ltd 2003 -0.032 0.030 -0.943  TOP Top Kinisis Travel Public Ltd 2002 -0.032 0.250 -7.764  TRB L.P. Transbeton Public Ltd 2003 0.022 0.360 16.071  UFI Unifast Finance & Investments Public Co. Ltd 2003 -0.004 0.060 -15.000  VIP Vision International People Group Public Ltd 2005 0.111 1.080 9.756  WKH White Knight Holdings Public Company Ltd 2005 0.016 0.350 21.739  WOOD Woodland Designs Plc N/A 4.200 N/A  XEN Xenos Travel Public Ltd 2003 -0.116 0.040 -0.346   2008 N/A

Shipping Code Company Year Adjusted EPS Price as of 05/01/2009 P/E  OCÔR OCEAN TANKERS HOLDINGS LTD NIL – PAID RIGHTS N/A 0.000 N/A  OCT OCEAN TANKERS HOLDINGS LTD N/A 0.430 N/A   2008 N/A

CSE N/A

The Price to Earnings multible for each sector is calculated as the total capitalisation of the specific sector divided by the total net income (after tax), of the companies that appart this sector. The Price to Earnings multible for the Cyprus Stock Exchange in total is calculated as the total capitalisation of the Stock Exchange divided by the total net income of the companies that compose the Index.
IMPORTANT : Note that the Companies with negative Earnings Per Share (and P/E multible) are not included in the calculation.