COSMOTE MOBILE TELECOMMUNICATIONS S.A. announces that pursuant to COSMOTE'' s Stock Option Plan, described in the Company''s "Document for the Provision of Information under L.3401/2005", which is available at the Company''s website, its Board of Directors has decided (meeting # 238/22nd Dec. 2006) to increase the Company''s share capital, through a cash payment according to art. 13 par. 9 and 13a par.1 of C.L. 2190/1920, by issuing up to 1,094,090 new registered shares of a nominal value of EURO 0.47 each. The issue price for 2,750 of the aforesaid shares is EURO 8.96 each, for 901,370 shares is EURO 10.228 each, for 49,930 shares is EURO 13.46 each, and for 140,040 shares is EURO 15.95 each. Following the above mentioned, in case the share capital increase is paid in full, COSMOTE''s share capital will amount to EURO 157,347,634.00 divided into 334,782,200 registered shares of a nominal value of EURO 0.47 each.