COSMOTE MOBILE TELECOMMUNICATIONS S.A. announces that pursuant to the decisions of the general meetings of its shareholders held on 31.7.2000, 12.6.2001 and 21.2.2002 regarding the adoption of a management incentive plan and the provision of share options to the senior management of COSMOTE, as this plan is described in COSMOTE's Annual Report for year 2004, as well as in the Company's "Document for the Provision of Information under L.3401/2005", both available at the Company's website, its Board of Directors has decided (meeting # 209/22nd Dec. 2005) to increase the Company's share capital, through a cash payment according to art. 13, par. 9 of C.L. 2190/1920, by issuing up to 1,211,610 new shares with a nominal value of EURO 0.47 each. The issue price for 861,750 of the aforesaid shares is EURO 8.96 each, for 112,490 shares is EURO 9.78 each, for 92,050 shares is EURO 10.228 each, and for 145,320 shares is EURO 13.46 each. Following the above mentioned, in case the share capital increase is paid in full, COSMOTE's share capital will amount to EURO 156,833,411.70 divided into 333,688,110 registered shares of nominal value EURO 0.47 each.