Forthnet announces that the 1st Repeat Extraordinary General Meeting of Shareholders took place on August 10th 2007 at the Company's registered seat at the Municipality of Heraklion of Crete (Foundation for Research and Technology, area Vassilika Voutes) at 11:30am, where the following resolutions on the items of the agenda were discussed and taken. During the Meeting there were present twenty two (22) shareholders representing 21.668.626 shares out of the total shares 38.540.682 (percentage 56,2%) with voting rights and therefore the required quorum provided for by Law for taking resolutions on all the items of the agenda was met. Specifically,

As per the 1st item on the agenda, the General Meeting approved the amendment of Article 3 of the Articles of Association concerning the "Scope" of the Company and as such the following new activities were included:
- Marketing, distribution and sale of products and services of the Company through a network of retail outlets by means of franchising or not
- The wholesale/retail distribution of telecommunication, electronic and other relevant products as well as of services rendered by the Company by virtue of its Articles of Association
- The construction and furnishing of points of sale (wholesale/retail) for products and services rendered by the Company by virtue of its Articles of Association
- The rendering of digital radio-television and/or audiovisual services, through broadband networks, for the operation of which frequencies may or not be required
- The rendering of automation, recreation and safety services through broadband networks and services
- The development, installation, operation, administration and exploitation of new services, based on new technologies of sectors such as electronic communication, informatics, multimedia and internet as well as any other service of the Information Society which may be rendered through the network and the equipment of the Company or/and other interconnected networks. As per the 2nd item on the agenda, the General Meeting approved the codification of the Articles of Association incorporating the above mentioned amendment of art.3 as well as the amendment of art.1 following the resolution of the General Assembly dated June 22nd 2007.
As per the 3rd item on the agenda, the General Meeting approved the amendment of the terms of the existing Stock Option Plan, related to the implementation procedure of the Plan. Principal terms and conditions of the Stock Option Plan such as the beneficiaries, total number of options granted, strike price and duration of the Plan remain as per the resolutions of the General Assembly dated June 30th 2006 and published by previous announcements of the Company.