COSMOTE MOBILE TELECOMMUNICATIONS S.A. announces that pursuant to COSMOTE's stock option plan, its Board of Directors has decided (meeting # 266/21.12.2007) to increase the Company's share capital by up to euro 552,297.00, through a cash payment, according to art. 13 par. 13 and 13a par.1 of C.L. 2190/1920, by issuing up to 1,175,100 new common registered shares of a nominal value of euro 0.47 each. The issue price for up to 752,570 of the aforesaid shares is euro 13.46 each, for up to 141,280 shares is euro 15.07 each, for up to 127,310 shares is euro 15.95 each, for up to 103,290 shares is euro 16.01 each and for up to 50,650 shares is euro 18.84 each. Following the above mentioned, in case the share capital increase is paid in full, COSMOTE's share capital will amount to euro 157,899,931.00, divided into 335,957,300 registered shares of a nominal value of euro 0.47 each.