Friday, 14 March 2003

+++ Resolution for purchasing Company's own shares +++

We herewith inform you that the today's Special General Assembly of shareholders of INTRACOM, in accordance to the resolution of the Special General Assembly of 19/03/2002, of the shareholders for purchasing it's own shares, decided afresh purchasing of it's own shares, as follows: The maximum number of shares to be purchased is the balance of the own shares, other than those already purchased, up to a completion limit of 10% - which is not foreseen to be covered based on the 12month validity of the resolution of the Company's Special General Assembly of 19/3/2002. Highest price effecting purchasing is 18 € for each share and the minimum is 1 €, per share.

The above mentioned purchases will be conducted in a 12 month period from the resolution date of the above mentioned General Assembly, that is until the 14/3/2004, and in any case after the expiration date of the resolution for purchasing it's own shares of 19/3/2002. The exact date for commencing the application of the Company's shareholders General Assembly resolution of 14/3/2003 will be notified with an own announcement.