According to Law 3340/2005 and the decisions 3/347/2005 and 5/204/2000 of the Board of Directors of the Capital Market Commission, as in force and paragraphs 4.1.3.1. point e) and 4.1.3.6. of the Rule Book of the Athens Exchange, and following the Company's Announcement as of 24.04.2009, and following our recent communications with the Company's Basic Shareholder, Emirates International Telecommunications LLC (EIT), the Company confirms EIT's intention to maintain its participation in Forthnet S.A.
The Company further announces that, following the expression of interest made by international private equity funds to invest in the company, it started preliminary discussions with each of such funds for the purpose of exploring the possibility of effecting the relevant investment and the likely benefits for Forthnet and its shareholders.
Forthnet notes that it is uncertain whether these preliminary discussions, exclusively carried-out by the company's management under the protection of strong confidentiality agreements, will lead to negotiations and, if negotiations commence, whether they will be successful.
Forthnet commits to duly inform the investors of any further material development, in accordance with the applicable provisions of the law.
The present Announcement takes place following a relevant letter by the Capital Market Commission, dated 08.05.2009