COSMOTE announces, according to article 279 of the Athens' Stock Exchange Regulation, that an Extraordinary General Meeting of COSMOTE's Shareholders was held on 28.02.2005, during which the below mentioned items were discussed and approved. More specifically:

ITEM 1st: Distribution of retained earnings of previous fiscal years, Euro 0.71 per share.

The distribution to the Company's shareholders from 17.3.2005 of retained earnings of previous fiscal years, euro 0.71 per share, was approved. The shareholders who are entitled to the distributed earning are shareholders as of 28.2.2005. From 1.3.2005 the share will trade in the Athens Stock Market without any right to the distributed earnings of previous fiscal years.

Quorum: 67.20% of the paid up share capital.
Majority: 99.99% of the represented to the General Shareholders' Meeting votes.

ITEM 2nd: Distribution of interim dividend of Euro 0.19 per share for the fiscal year 2004.

The distribution to the Company's shareholders from 17.3.2005 of interim dividend for the fiscal year 2004, 0.19 euro per share, was approved. The shareholders who are entitled to the interim dividend are shareholders as of 28.2.2005. From 1.3.2005 the share will trade in the Athens Stock Market without any right to the interim dividend for the fiscal year 2004.

Quorum: 67.20% of the paid up share capital.
Majority: 99.99% of the represented to the General Shareholders' Meeting votes.

ITEM 3rd: Amendment of Article 20 par.2 of the Company's Articles of Association, concerning the deadline for sending the invitation for Board of Directors' meetings. Harmonization of Article 5 par. 1 of the Company's Articles of Association with Resolution No 186/23.12.2004 (Item No 2) 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.

It was decided:

(α) To amend par. 2 of article 20 as follows:
- The Board of Directors is convoked by its Chairman by invitation notified to the members at least two (2) working days before the session. The invitation must clearly indicate the issues of the agenda, otherwise a resolution may be made only if all the members of the Board of Directors are present or represented and no member objects to the making of resolutions.

(b) - To amend paragraph 1 of article 5 of the Company's Article's of Association as follows:
- The share capital of the Company amounts to one hundred and fifty six million two hundred and sixty three thousand nine hundred and fifty five Euros (156.263.955,00 Euros) divided into three hundred and thirty two million four hundred and seventy six thousand five hundred (332.476.500) nominal shares of nominal value of forty seven Euro cents (0.47) each, and
- To add a new paragraph (j) to paragraph 1 of article 5 as follows:

j. By resolution of the Extraordinary General Meeting of the Shareholders dated 28.2.2005 (item 3), the harmonization of article 5 of the Articles of Association was decided with the resolution of BoD Meeting No 186/23.12.2004 under which according to article 13 par. 9 of C.L.2190/1920 the share capital was increased by six hundred and five thousand four hundred and seventy seven Euros and fifty Euro cents (605.477,50) in cash and the issue of one million two hundred eighty eight and two hundred fifty (1.288.250) nominal shares of nominal value of forty seven Euro cents (0,47) each.

Finally, the Codification of the Company's Articles of Association was decided.
The above mentioned resolutions will be realized immediately within the dates provided in C.L. 2190/1920.

Quorum: 67.20% of the paid up share capital.
Majority: 99.96% of the represented to the General Shareholders' Meeting votes.

ITEM 4rth: 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, C.L. 2190/1920).

The basic terms of an agreement that will be signed immediately with OTE for the project of printing, enveloping and delivery of COSMOTE's bills to ELTA for distribution were approved.

Quorum: 67.20% of the paid up share capital.
Majority: 99.99% of the represented to the General Shareholders' Meeting votes.

ITEM 5th: Approval of the basic terms of the Technical Support Agreement with OTE (article 23a, C.L. 2190/1920).

The basic terms of an agreement that will be signed immediately with OTE regarding the preventive maintenance of electromechanical equipment (electrical generators, air-conditioners, batteries and rectifiers) and the repair of simple malfunctions of electromechanical and telecommunications equipment, were approved.

Quorum: 67.20% of the paid up share capital.
Majority: 99.99% of the represented to the General Shareholders' Meeting votes.