In order to better inform the investment public based on the decision 3/347/12.7.2005 of the Capital Market Commission's BoD and a relevant question by the Capital Market Commission through a letter dated 16.06.2010/2525, the Company clarifies regarding the acquisition of a stake in the company Kelicom the following:
a) The cost of the acquisition of a 33% stake in the company Kelicom will be financed with Company funds during 2010 and it constitutes a relatively small part of the Company's total investment program for the particular year.
b) A possible increase of the participation in the company Kelicom will depend on the business plan of the Company and it will be valued through various performance indicators. The timetable for the completion of a possible increase of the Company's participation is 18 months.
c) The agreement is subject to approval by the relevant Commission for the Protection of Competition of Cyprus, where the company is based.