Further to the Document for the provision of information under Law 3401/2005 that COSMOTE - MOBILE TELECOMMUNICATIONS S.A. (COSMOTE or the Company) made available to the investment community according to article 4 par. 1.e of L. 3401/2005, in the framework of the annual implementation of the approved by the General Meeting of COSMOTE's shareholders Stock Option Plan (the Plan), informs the public about the latest developments concerning the implementation of the aforementioned Plan, the exercise price and the number of new shares allocated and to be issued after the Company's request to the Athens Stock Exchange:

1. Out of a total of 227 executives who were entitled to Definite Stock Option Rights for the acquisition of Company's shares, 225 executives stated in writing to the Company's Board of Directors their intention to exercise their Stock Option Rights.

2. This offer concerned 1,220,890 new ordinary registered shares of COSMOTE, of a nominal price if 0.47 Euro each, and 1,211,610 of them will be eventually issued.

3. the new shares' issue price is as follows:
- 9.78 Euro per share for 112,490 shares,
- 8.96 Euro per share for 861,750 shares,
- 10.228 Euro per share for 92,050 shares, and
- 13.46 Euro per share for 145,320 shares.

4. The payment of the amount of the share capital increase in cash was completed on 11.01.2006, was amounted to 569,456.70 Euro, and verified by the Board of Directors of the Company on 12.01.2006.

5. After the aforementioned increase, COSMOTE's share capital amounts to 156,833,411.70 Euro divided into 333,688,110 shares with a nominal value of 0.47 Euro each.

6. COSMOTE will take all necessary actions, according to the respective Laws, for the new shares to be admitted to trading to the Athens Stock Exchange.

About the present Document
The persons who are responsible for the information contained in this document are the following:
1. Evangelos Martigopoulos, Managing Director, 44 Kifisias Av., tel.: (+30) 210 617 7777
2. Elias Fotiadis, General Financial Manager, 44 Kifisias Av., tel.: (+30) 210 617 7777
3. Evricos Sarsentis, Investor Relations and Strategic Development Director, 44 Kifisias Av., tel.: (+30) 210 617 7777

Copies of this document are available at COSMOTE headquarters at Maroussi, 44 Kifisias Av., 151 25, and on the website of the Company www.cosmote.gr and www.cosmote.com. For further information you may contact the shareholders' services department (Mr. Ioannis Tolis, Investor Relations Manager, tel.: (+30) 210 617 7777, (+30) 210 617 7929).