COSMOTE MOBILE TELECOMMUNICATIONS S.A., the leading provider of mobile telecommunication services in Greece, held today an Extraordinary General Shareholders' Meeting during which the Board of Directors' recommendation for the distribution of an exceptional amount of euros 0.90 per share, was approved.

More specifically, COSMOTE's shareholders Extraordinary General Meeting approved the distribution of an interim dividend for the fiscal year 2004 and of retained earnings of previous fiscal years, of a total amount of eurps 0.90 per share (euros 0.71 per share from retained earnings of previous fiscal years and euros 0.19 per share as interim dividend for the fiscal year 2004).

'This decision proves that COSMOTE delivers on its commitments towards its shareholders for capital structure improvement and increased returns' COSMOTE's CEO, Evangelos Martigopoulos, commented.

The record date (the date until which, registered shareholders will qualify for this distribution), is the 28th of February 2005, thus the cut-off date (the date from which registered shareholders will not be entitled to this distribution) is March 1st, 2005. Distribution will commence on March 17th, 2005.

The Extraordinary General Shareholders' Meeting also approved the amendment of the Company's Articles of Association, concerning the deadline for sending the invitation for Board of Directors' meetings and the increase of the share capital following the exercise of stock option rights, as well as the basic terms of agreements with OTE for the technical support of COSMOTE's network and for the printing, enveloping and delivery of COSMOTE's bills.