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 "Cyrte Investments GP I B.V." representing as General Partner "CFI Invest C.V.", a legal entity related to Forthnet's BoD Member Mr. Fransciscus Botman, notified on the 29th of November 2010 the Company
1. of the acquisition of 200,000 common registered shares in the Company, with a total value of €78,142, which took place on the 25th of November 2010.
2. of the acquisition of 14,330,899 common registered shares in the Company, with a total value of €5,739,737, which took place on the 26th of November 2010.
By the above notification it is mentioned that the acquisitions have been made by CFI Invest C.V., a Dutch fund managed by "Cyrte Investments B.V." of which Mr. Frank Botman is the CEO (Statutory director). CFI Invest C.V. is represented by its General Partner Cyrte Investments GP I B.V. of which Cyrte Investments B.V. is the statutory director.
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.