Within the framework of the annual implementation of the company?s stock option plan and further to the company?s announcement on November 29th 2007, and in accordance with the L3401/2005 (art 4, par 2) Forthnet announces the period of its stock option plan expired on December 20, 2007 and the details are as follows:
Out of the 71 addressed beneficiaries and 321,964 options, 69 beneficiaries exercised their rights for 317,149 shares amounting to 0.823% of the Company?s share capital. The exercise price of each option is set at Euro 5.36 per share.
The Company will take all necessary steps to meet the listing requirements of the Athens Stock Exchange, so that the Company?s shares are listed and traded according to the Greek law.
Furthermore, Forthnet S.A. announces (in accordance with the Law 3556/2007 articles 3, par. 1 and 21) in combination with the Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission, that on December 19, 2007, Mr. Panos Papadopoulos, company?s General Commercial Director (art. 13, par. 1 of L. 3340/2005) notified the company of the sale of (a) 5,000 Forthnet shares of a total value of ?50,282.36 on 14/12/07, (b) 10,000 Forthnet shares of a total value of ?98,587.99 on 17/12/07 and (c) 5,000 Forthnet shares of a total value of 49,632.87 euro on 18/12/07.