Thursday, 17 July 2003

+++ Resolutions of the 1st Follow-up session of the Ordinary General Assembly of INTRACOM's shareholders of 30.6.2003 - Amendment of clause 5 of the Company's Article +++

We herewith inform you that the 1st Follow-up session of the Ordinary General Assembly of INTRACOM's shareholders of 30.6.2003 took place today at the Company's head offices in Peania, and resolved upon the single item on the Agenda, that is the "Amendment of clause 5 of the Company's Article, about share capital, due to equity options".

Specifically, the following amendment of clause 5 of the Company's Article, about share capital, was resolved :

clause 5

By resolution of Company's Board of Directors of December 23, 2002, the share capital amount of two hundred and sixty four million, one hundred and fifteen thousand, six hundred and fifty Euro and thirty four cents (€ 264.115.650,34) was increased, due to equity options of its shares, by the amount of eight million five hundred and thirty four thousand, four hundred and ninety four Euro and twenty four cents (€ 8.534.494,24), by cash payment and issuance of four million, fourty four thousand, seven hundred and eighty four (4.044.784) new shares, nominal value of two Euro and eleven cents (€ 2,11) each. Disposal price for the three million and four hundred and fifty seven thousand, one hundred and eighty eight (3.457.188) for rights at two Euro and sixty one cents (€ 2,61), for the five hundred and eighty seven thousand, five hundred and ninety six (587.596) rights at two Euro and ninety three cents (€ 2,93), the balance of two million, two hundred and ten thousand, four hundred and twenty two Euro and seventy two cents (€ 2.210.422,72) transferred to credit of the reserve from the issuing of shares at par.

After this, the share capital of the Company today amounts to two hundred and seventy two million, six hundred and fifty thousand, one hundred and fourty four Euro and fifty eight cents (€ 272.650.144,58) and is divided in one hundred and twenty nine million, two hundred and eighteen thousand and seventy eight (129.218.078) shares, with nominal value of two Euro and eleven cents (€ 2,11) each.