Tuesday, 22 June 2004

+++ Resolutions of the Ordinary General Assembly of INTRACOM's Shareholders of June 22nd, 2004 +++

We hereby inform you that today's Ordinary General Assembly of INTRACOM shareholders resolved upon all items of the 19.05.2004 Agenda, as follows :

1. The Company's annual Financial and Consolidated Financial Statements, for the financial year 2003, were approved, as these were drafted and published by the Board of Directors.

2. The Members of the Board of Directors and the Certified Auditors were released from any responsibility for the Company's management, the Financial and the Consolidated Financial Statements, for the fiscal year which ended on 31.12.2003.

3. The Company's Regular and Substitute Certified Auditors were elected for monitoring the fiscal year 2004.

4. The Ordinary General Assembly of the Company's shareholders approved the distribution of dividend of € 0,10 per share. The holders of company shares as of the end of the 22.6.2004 Athens Stock Exchange session are entitled to the dividend. As of Wednesday, June 23rd, 2004 the stock will trade ex dividend at the Athens Stock Exchange. The exact date for the payment of dividends as well as the terms for this payment will be defined by a new resolution of the Company's Board of Directors, which will be released to the Press.

5. The new 11-member Board of Directors was elected, comprising of Mr. Socrates Kokkalis, Mrs. Feroniki Tzavella, Mr. Dimitris Klonis, Mr. George Deligiannis, Mr. George Anninos, Mr. Christos Hatoupis, Mr. Stilianos Zervopoulos, Mrs. Anna Pouskouri-Reiche, Mr. Volker Jung, Mr. Christos Halkias, and Mr. Dimitris Hatzigrigoriadis. The term of the new Board of Directors is 5 years, that is until 22.6.2009. From the above elected members, the General Assembly, in observing article 3 of Regulation 3016/2002, appointed Mr. Volker Jung, Mr. Christos Halkias and Mr. Dimitris Hatzigrigoriadis as Independent Non-Executive Members of the BoD.

6. According to article 24, paragraph 2 of Regulation 2190/20 and paragraph 5 of Regulation 3016/2002, a maximum allowance for the members of the Board of Directors was determined. Furthermore, the salaries of the Members of the BoD who are employed by the Company, already paid during the previous fiscal year, were approved, while the members' working contracts were renewed for the current year.

7. According to article 23 paragraph 1 of Regulation 2190/1920, the Members of the Board of Directors and Managers of the Company were granted permission to attend Board Meetings and/or participate in the Management of other companies pursuing similar objectives.

Finally, various announcements were made to the Shareholders regarding the Company.