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COSMOTE - MOBILE TELECOMMUNICATIONS S.A
Announcement

December 24, 2007 COSMOTE continues to offer the lowest termination rates in the Greek mobile market - reduction of 7.3% Regulated Information Athens, 21 December 2007 COSMOTE announces a further reduction in its rates for terminating calls to its network. As of 1st February 2008, COSMOTE is reducing its termination charges from euros 0.1067 to euros 0.0989 per minute* with no minimum charge. The change amounts to a reduction of 7.3%. It is the eighth consecutive cut by COSMOTE since 2003 for the benefit of the consumers, who may enjoy a reduced rate for calls originating from fixed networks and terminating to COSMOTE's network. COSMOTE has consistently offered the lowest termination rates in the Greek mobile market since 2001 and is the most cost-effective choice for fixed to mobile calls.



     




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