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 articles 276 et seq. of the Rule Book of the Athens Exchange, and following the letter received from the Capital Market Commission in relation to the article published by Capital.gr headed "Forthnet: The deal for Nova closes within the week", FORTHNET Α.Ε. (the "Company" or "Forthnet") announces the following:
1. The non-exclusive negotiations with the sellers of NetMed N.V. και Intervision (Services) B.V. continue and, at this stage, the outcome of such negotiations cannot be determined.
2. As mentioned in its announcement dated 7 March 2008, if an agreement is reached, it is expected that the acquisition price will be financed through debt and/or the proceeds from an increase of the Company's share capital with preemption rights in favor of its existing shareholders, which will require the approval of the General Meeting.
3. Forthnet commits to proceed to relevant announcements whether it enters into an agreement with the sellers or not.