Forthnet S.A.

Clarifications on the published Financial Data and Information for the 1st Quarter 2008


Clarifications on the published "Group and Company financial data and information for the period 1 January 2008 to 31 March 2008".
1. The Company and the Group have not made any provisions for existing disputes under adjudication or under arbitration or decisions of judicial or arbitrational bodies.
2. The Company and the Group have made cumulative provisions for additional tax assessments for the unaudited tax-years, amounting to euro 0.2 million and euro 0.2 million respectively. Any additional taxes that may arise will be credited against tax losses amounting to euro 6 million for the Company and the Group.
3. In accordance with the circular No 34/24.01.2008, the Company redefines, the item "profit/(loss) before taxes, financing, investing activities and depreciation" for the period 01.01-31.03.2008 as follows: Group Company 01.01.08 - 31.03.08 01.01.08-31.03.08
(Losses) before financing, investing activities, tax and depreciation (9,861,711) (9,805,422)