Thursday, 25 November 2004

+++ Invitation to a B' Follow-up Assembly of the 09.11.2004 Extraordinary General Assembly of the Shareholders +++

In accordance with the Greek Law and the Company's Articles and in implementing the resolution of its Board of Directors, the Company's Shareholders are invited to the B' Follow-up Assembly of the Extraordinary General Assembly initially held on November 9th 2004 - due to the cancellation of the 25.11.2004 A' Repetitive Meeting of the above Assembly because the legal quorum was not achieved; namely, the shareholders holding Common Registered shares present did not represent ½ of the total number of shares - that will be held on Thursday, December 9th 2004 at 10.00 a.m., at Company Head offices in Peania, Attiki (precise location: 19,5 km Peania - Markopoulo avenue, site B, with direction to Markopoulo, on the right hand side) 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 of capital in cash to the shareholders. Respectively, amendment of article 5 of the Articles of Association, regarding share capital. Granting the required authorization to the Board of Directors, regarding the return of the reduction in share capital to the shareholders in cash, the ex right date and the date that the payment will begin.

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

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 B' Follow-up 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 any relevant letters of attorney to Company offices within the same deadline.