COSMOTE announces that, following the resolution of its Board of Directors dated 30.6.2005 approving the issuance within July and August 2005 of three bonds of total value Euro 1.0 billion, it has issued yesterday a bond for a value of Euro 201 million which has been fully subscribed by OTE Plc. The bond expires on 13 November 2006 and will be used to finance COSMOTE's recent international investment initiatives.