COSMOTE - MOBILE TELECOMMUNICATIONS S.A. announces that on Friday 22 December 2006 its 100% subsidiary COSMOHOLDING CYPRUS LTD acquired 23,778,130 common shares of Germanos S.A. at the price of Euro 19 per share. It is noted that 23,763,369 of those shares were acquired through the public tender offer, including 16,929,103 shares previously owned directly by COSMOTE, while 14,761 shares were acquired through stock exchange transactions. Following these transactions, COSMOTE''s indirect participation in GERMANOS S.A.''s paid-in share capital is approximately 99%.