COSMOTE announces a further reduction in its charges for terminating calls to its network.

With effect from 1 January 2007, COSMOTE will abolish the minimum charge per call for terminating other operators' calls to its network and will further reduce its termination charges to Euro 0,1174 per minute with no minimum charge.

The change, including the abolition of the 30 seconds minimum charge, amounts to an estimated average reduction of 11%. This latest reduction is the sixth consecutive cut since 2003 and the second within 7 months. Since 2001, COSMOTE has consistently offered the lowest termination rates in the Greek mobile market.