COSMOTE MOBILE TELECOMMUNICATIONS S.A., the leading provider of mobile telecommunication services in Greece, following its announcement that the eighth Annual General Meeting of its Shareholders held on June 16th, 2005, approved the payment of rest of annual dividend for 2004 amounting to 57 eurocents per share to the shareholders on the registry as of 16.6.2005, hereby announces the distribution procedure of this amount.

Distribution will commence on July 12th, 2005. Up to 31/12/2005 the distribution will be carried out by the Piraeus Bank (tel. +30 210 3288 747) through the shareholders' registered brokers in the ASE. As of 31/12/2005, the distribution of the rest of the annual dividend will be carried out through COSMOTE's cashier at the Company's headquarters (44 Kifissias Ave, Maroussi 151 25) on Tuesdays and Thursdays from 11 a.m. to 2 p.m. after contacting with the Investor Relations Department.

For further information, shareholders may contact COSMOTE's Investor Relations Department (tel. +30 210 6177 528 or +30 210 6177 790).