COSMOTE''s 90% subsidiary, COSMOHOLDING CYPRUS LIMITED (COSMOHOLDING) submitted today to the Hellenic Capital Market Commission a request to exercise its squeeze out right for the remaining GERMANOS SA''s shares according to the legislation in force. On 22.02.2007 these shares represented approx. 0.63% of GERMANOS SA''s share capital (518,241 shares).
It is noted that on December 29th 2006, following the successful completion of the public tender offer, COSMOHOLDING''s percentage in GERMANOS SA was of approximately 98.99% of the existing at that date voting rights, while on 22.02.2007 this percentage was of approximately 99.37% of the existing voting rights.
It is reminded that the deadline for the exercise by the shareholders of GERMANOS SA of their sell-out right expires on March 22nd, 2007 (article 28 of the Greek Law 3461/2007). Finally, on February 9th, 2007 the Extraordinary General Meeting of the Shareholders of GERMANOS SA has approved the submission to the Hellenic Capital Market Commission of a request for the delisting of GERMANOS SA'' shares from the Athens Exchange.