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ANNOUNCEMENTS

Forthnet: Announcement

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The company Forthnet A.E. (hereinafter also the "Company") informs the investors that the affiliated and listed in the Cyprus Stock Exchange company MultiChoice (Cyprus) Public Company Ltd, which holds with the Forthnet Group a contractual relationship with regard to the management of Multichoice Hellas S.A.s subscribers in Cyprus, resolved, on the 9th of June 2011, at the Extraordinary General Meeting of its shareholders, the voluntary liquidation by its creditors pursuant to the provisions of Chapter 113 of the Cypriot Companies Law, since it cannot continue its activities. The above fact does not affect materially the Forthnet Group consolidated financials. 

The management of the subscribers as well as the further development of the Forthnet Group activities in Cyprus will be continued by Multichoice Hellas S.A. itself.

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