Forthnet S.A.

Announcement for share buy-back

Forthnet announces in accordance with the article 290 of the Athens Stock Exchange Regulation that it approved at it's Ordinary General Meeting, which took place by today, the option to buy-back up to 3,885,783 own shares corresponding to 10% of the paid-up share capital, at a price per share ranging between euro 0.30 (minimum) and euro 15.00 (maximum). The total duration of buy-back programme is set to twenty-four months while the Board of Directors has been authorized to determine by its' decision the partial periods of purchases.