Thursday, 14 October 2004

+++ INVITATION To an Extraordinary General Assembly of the Shareholders +++

In accordance with the Greek Law and the Company's Articles and in implementing the resolution of its Boards of Directors, the Company's Shareholders are invited to an Extraordinary General Assembly on Tuesday, November 9th, 2004, at 10.00 am at Company Head offices, in Peania, Attiki (precise location: at 19,5 km of the new Peania - Markopoulou avenue, cluster B, on the right heading for Markopoulo) to discuss and decide upon the following items on the Agenda:

The Agenda

1. Decrease of the Company's share capital, by reducing the nominal value of each share in view of returning the equal amount in cash to the shareholders. Respectively, amendment of the article 5 of the Articles of Association, regarding the share capital.
Granting the required authorization to the Board of Directors, regarding the return of the reduced share capital to the shareholders in cash, the ex right date and the date that the payment will begin.

2. Expansion of INTRACOM's activities and respective amendment of the Article 3 of the Company's Articles of Association, concerning the Company's purposes.

3. Decision regarding the time framework for the use of funds raised from the share capital increase of the absorbed Intrasoft S.A. that was decided by its Shareholders' Extraordinary General Meeting of 15.10.1999, and the subsequent change of use of these funds.

4. Granting special permission, according to article 23a of the Law Code 2190/20, for agreements for the acquisition of minority shareholders' shares of subsidiary Companies of INTRACOM, from companies at which shareholders or members of the Board of Directors of the Company participate.

5. Various Announcements.

Under the Greek law and the Company's Articles, in order for the Shareholders and their representatives to be eligible for attending the Extraordinary General Assembly, they must declare the number of shares with which they wish to join the Assembly at least five (5) days before the session of the Assembly. In declaring the number of shares, the interested parties must address the Central Security Depository, provided the number of shares to be deposited is already registered in the Special Account, otherwise they should firstly request from their authorized Security Accounts administrators to issue a tying-up certificate for them, and secondly, submit relevant letters of attorney to company offices within the same deadline.