Cheviot Mutual Holding Company Extends Community Offering and Increases Purchase Limitations

Cheviot Financial Corp.

announced today that Cheviot Financial Corp., the recently formed Maryland corporation and proposed new holding company for Cheviot Savings Bank, has concluded its subscription offering and has extended its community offering until 2:00 pm on December 30, 2011. In addition, Cheviot Financial Corp. has increased the maximum purchase limitation from 75,000 shares ($600,000) to 5% of shares offered for individual purchasers and from 137,500 shares ($1.1 million) to 5% of shares offered for purchasers acting together with others, in all categories of the offering combined. In the event the maximum purchase limit is increased above 5% for certain purchasers, which increase would require approval from the Board of Governors of the Federal Reserve System, orders for common stock exceeding 5% of the shares sold in the offering shall not exceed in the aggregate 10% of the total shares sold in the offering. Consistent with the prospectus dated November 10, 2011, the only persons who will be resolicited are those who subscribed for the maximum purchase limit in the subscription offering and indicated on the stock order form a desire to purchase additional shares if the maximum purchase limits were increased. Any increased orders with full payment will be due by 12:00 noon, Eastern Time, on January 3, 2012. The completion of the conversion and offering is subject to, among other things, selling a minimum of 4,675,000 shares in the offering at $8.00 per share and the receipt of all necessary final regulatory approvals.