COSMOTE- MOBILE TELECOMMUNICATIONS S.A

Loan Agreement between COSMOTE and COSMOFON

According to the legal and regulatory provisions for the disclosure of "regulated information", COSMOTE MOBILE TELECOMMUNICATIONS S.A. announces that it signed today a revolving credit facility with its 100% subsidiary, COSMOFON MOBILE TELECOMMUNICATIONS SERVICES AD Skopje (COSMOFON) of an amount up to 9 million Euro, with a five-year duration. The facility shall be used by COSMOFON for the payment, in October 2007, of an instalment of 5 million Euro of a loan received by OTE plc and for working capital purposes.