COSMOTE MOBILE TELECOMMUNICATIONS S.A. announces that on October 10th, 2007 it signed a loan agreement with its subsidiary GLOBUL of an amount of 20 million Euro, with a twelve-month duration. The amount of the loan shall be used for repaying the installment of an existing loan received by GLOBUL through OTE plc. In parallel, the existing loan agreement (6/10/2006) between COSMOTE and GLOBUL of an amount of 20 million Euro, initially expiring on 10/10/2007, was renewed until 10/10/2008.

NOTE:This announcement is being made in accordance with Law 3556/2007 (article 3, par.1 (16), (bb), and article 21), Hellenic Capital Market Commission decision 1/434/3.07.2007, Law 3340/2005 and Hellenic Capital Market Commission decision 3/347/12.07.2005.