COSMOTE announces, according to article 278 of the Athens'' Stock Exchange Regulation, that an Extraordinary General Meeting of COSMOTE''s Shareholders was held today, on 28.02.2007, during which the items described below were discussed and approved, with a quorum of 72.28% of the paid up share capital and 176 shareholders present or/and represented to the General Shareholders'' Meeting, as follows:
ITEM 1st: "AMENDMENT AND CODIFICATION OF COSMOTE''S STOCK OPTION PLAN".
The items below were approved:
(a) The participation in the Plan of GERMANOS executives, in replacement of a relevant stock option plan of GERMANOS S.A.
(b) The further connection of the Plan''s return to the achievement of significant corporate and individual objectives by the executives.
(c) Further amendments and clarifications of certain terms of the Plan to improve its effectiveness.
ITEM 2nd: "APPROVAL OF THE BASIC TERMS OF THE AGREEMENT WITH OTE FOR THE PROJECT OF PRINTING, ENVELOPING AND DELIVERY OF COSMOTE΄S BILLS TO ELTA FOR DISTRIBUTION (ARTICLE 23A OF C.L. 2190/1920)".
The basic terms and conditions for the agreement with OTE for the project of printing, enveloping and delivery of COSMOTE''s customers'' bills were approved.
ITEM 3rd: "HARMONIZATION OF ARTICLE 5 PAR. 1 OF THE COMPANY''S ARTICLES OF ASSOCIATION WITH RESOLUTION NO 238/22.12.2006 OF THE BOARD OF DIRECTORS CONCERNING THE INCREASE OF THE SHARE CAPITAL, WITHOUT AMENDING THE ARTICLES OF ASSOCIATION, FOLLOWING THE EXERCISE OF STOCK OPTION RIGHTS ACCORDING TO ARTICLE 13 PAR. 9 OF C.L. 2190/1920. CODIFICATION OF THE COMPANY''S ARTICLES OF ASSOCIATION".
The harmonization of article 5 par. 1 of the company''s Articles of Association with resolution no 238/22.12.2006 of the Board of Directors was approved which , increased COSMOTE''s share capital by 514,222.30 Euros in cash, without amending the Articles of Association and decided the issuance of 1.094.090 nominal shares of nominal value 0.47 Euro each resulting from the execution of the Stock Option Plan as approved by the Shareholders'' General Meeting.