According to paragraph 4.1.4.4 of the ASE Rulebook, the shares of Forthnet S.A., by 24.11.2011 resolution of the B.o.D of ASE, were transferred to the “Under Surveillance Segment”, for the reasons previously announced by Forthnet.

Following the announcement of 10.04.2012, Forthnet informs the investing public that, taking into consideration the general macroeconomic situation with an aim of removing the shares for the Under Surveillance segment, has committed itself in undertaking all steps necessary towards enhancing operational profitability and liquidity and reducing the effects of the impairment of goodwill on the Group's accounting results and equity base. The result of the above commitments is reflected in the financial results of Q1 2012, despite the volatile economic environment and current circumstances.