GERMANOS S.A. would like to announce that it has been notified today of the National Telecommunications and Postal Services Committee's Decision Number 399/1 dated 16/8/2006 approving the acquisition of the companies GERMANOS S.A. and MOBILBEEP TELECOMMUNICATIONS LTD. by COSMOTE S.A. under the following terms and conditions:
"1. For as long as the companies being acquired continue to sell products of companies being competitive to companies of the OTE Group through their chain of stores they must maintain absolute confidentiality with regard to the data concerning sales of these products to consumers and in general they must not transfer commercial data in their possession or which comes to their knowledge, concerning the purchasing company's competitors to the latter, directly or indirectly, in printed or electronic form.
2. For as long as the companies being acquired continue to sell products of companies being competitive to companies of the OTE Group through their chain of stores they must not discriminate in favor of the goods of the companies of the OTE Group against those of their competitors. In particular, when promoting the goods and services of the OTE Group, they must provide equal access and promotion to the goods and services of the purchasing company's competitors.
3. The companies being acquired must not oblige consumers to purchase products offers of the purchasing company.
4. The companies being acquired shall make available special price lists containing detailed prices for every good and service provided by the purchasing company that they dispose of to consumers.
5. The company GERMANOS must maintain the "GERMANOS" trade mark on the stores of its chain for as long as collaboration contracts with companies in competition with those of the OTE Group remain in force.
6. The contracting parties of this merger must submit all appropriate data to the National Telecommunications and Postal Services Committee (E.E.T.T.) to allow it to ascertain whether they are adhering to the terms and conditions of this Attachment.
7. The EETT reserves the right to review the consequences of the proposed merger and to impose additional obligations on the contracting parties, according to the development of conditions of competition in the markets that have been examined throughout Greece and the results of enhancing the position of the companies involved (companies being bought out and those of the OTE Group.)
8. At any time, either on its own initiative or subsequent to a relative accusation, the EETT may examine whether the terms provided above are being adhered to."
After receipt of the above approval, as well as of the approvals by the competent competition authorities of Bulgaria, Ukraine and the Former Yugoslav Republic of Macedonia (FYROM), for the completion of the acquisition of 42% of the shares of GERMANOS S.A. by COSMOTE S.A., only receipt of the required approval by the competent authority of Romania remains outstanding.