COSMOTE MOBILE TELECOMMUNICATIONS S.A. hereby announces that on February 9th, 2005, 1,288,250 of new ordinary registered shares will commence trading on the Athens Stock Exchange following the increase in its share capital by euro 605,477.50 as a result of the exercise of options in accordance with the resolutions of the General Meetings of the Shareholders of 31.7.2000, 12.6.2001 and 21.2.2002, respectively, and article 13 § 9 of Greek Companies Law 2190/1920. After this increase, COSMOTE's share capital amounts to euro 156,263,955.00 divided into 332,476,500 shares with a nominal value of euro 0.47 each. The 1,288,250 new shares were subscribed for as follows: (a) 53,490 shares were subscribed for by 5 option-holders at a price of euro 8.24 per share; (b) 144,610 shares were subscribed for by 19 option-holders at a price of euro8.96 per share;(c) 999,500 shares were subscribed for by 131 option-holders at a price of ?9,78 per share; and (d) 90,650 shares were subscribed for by 26 option-holders at a price of euro 10,23 per share. The aforementioned increase in COSMOTE's share capital was approved by the Board of Directors of the Company on 23.12.2004, certified by the Board on 13.1.2005, adopted by the Ministry of Development through the K2-553/17.1.2005 decision and adopted by the Athens Stock Exchange by a resolution passed on 3.2.2005. COSMOTE further announces that with effect from 9.2.2005 trading in the shares of COSMOTE will reflect the new adjusted value of the shares to take account of the share capital increase (in compliance with resolution 45 of the Athens Stock Exchange, as in force today).