FORTHNET A.E.

Announcement of regulated information of the Law 3556/2007 and the article 13 of the Law 3340/2005

Forthnet S.A. (the "Company") announces that the shareholder "Forgendo Ltd", a legal entity closely related according to art. 13 of Law 3340/2005 to the Chairman of the Company Mr. Deepak Srinivas Padmanabhan, and the non executive member, Mr. David Kay, notified on the 20th of December 2010 the Company
1. of the acquisition of 28,000 common registered shares in the Company, with a total value of €16,800.00, which took place on 16/12/2010.
2. of the acquisition of 4,296 common registered shares in the Company, with a total value of €2,534.64 which took place on 17/12/2010.
Τhe announcement is made in accordance with the Law 3340/2005 (article 13), the HCMC Decision 3/347/2005, as well as the Law 3556/2007 and the HCMC Decision 1/434/03.07.2007, as well as the Athens Exchange Rulebook, par. 4.1.3.1 and 4.1.3.8.