Tuesday, 9 November 2004

+++ Decisions of the Extraordinary General Assembly of INTRACOM Shareholders on the 9th of November, 2004 +++

The Extraordinary General Assembly of INTRACOM Shareholders, resolved upon all matters of the 14.10.2004 Agenda, with the exception of matters 1 and 2 for which a majority vote of two thirds is required.

Specifically, at the aforementioned Shareholders General Assembly, the shareholders present represented approximately 36,36% of the total of the Company's Common Registered Shares with voting rights.

The General Assembly of shareholders will convene to a first Follow-up session to decide upon the 1st and 2nd matters of the 14.10.2004 Agenda, following an invitation by the Company Board of Directors, within the period of time provided for by the C.L. 2190/20. On the rest of the matters of the 14.10.2004 Agenda called for by the Board of Directors the Extraordinary General Assembly resolved as follows:

On the third matter, the Assembly unanimously approved the extension by two years, that is until 31.12.2006, of the investing programme of disposal of funds drawn by the takeover of INTRASOFT S.A. and the re-disposal of a total of € 33,084 thousand, on the following investment categories, already approved by the Stock Exchange:

- Category 6 : Working capital requirements.....€ 24.500 thousand
- Category 8 : Software and Know-how............. € 8.584 thousand
                                          Total change € 33.084 thousand

The above total results from a corresponding reduction of the following investment categories:

• "Equity share in companies of the same sector, Domestic and Foreign", by an amount of € 18.795 thousand.
• "Entrance into new sectors of high technology", by an amount of € 9.624 thousand.
• "Financing of investments with the intention of creation and development of new software products", by an amount of € 2.177 thousand, and finally
• "Share capital increase for the subsidiary companies' ", by an amount of € 2.488 thousand.

On the fourth matter, the Assembly unanimously granted permission, according to article 23a C.L 2190/20, in order for INTRACOM to buy from INTRAPAR the percentage of its participation in INTRASOFT INTERNATIONAL, following an evaluation of the company by an international house.

Finally, Mr. Deligiannis, Managing Director of the Company, made announcements on the progress of the Company and Group of Companies in 2004 (relevant Press Release).