COSMOTE announces that following the resolution of its Board of Directors dated 30.6.2005 approving the issuance of three bonds up to Euro 1.0 billion in aggregate, it has issued today a third bond for an amount of Euro 500 million which has been fully subscribed by OTE Plc. The bond expires in September 2010, with an extension option for two (1+1) years following agreement. The proceeds of the loan will be used to finance COSMOTE's recent international investment initiatives and the immediate repayment of the existing 350 million US dollars syndicated loan facility. It is reminded that the first bond, of Euro 201 million was issued on 5 July 2005 and the second, of Euro 289 million, on 13 July 2005.