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Friday, 30 December 2005


+++ Approval of the TELECOM SOLUTIONS, DEFENSE ELECTRONIC SYSTEMS and ÉÔ SERVICES INTRACOM sectors spin-off. +++

INTRACOM announces that with the Prefecture of East Attiki decisions protocol numbers 10512 and 10215, issued on December 29, 2005, the spin-off of the Ôelecom Solutions and Defense Electronic Systems sectors respectively and their transfer to the subsidiary companies of INTRACOM (by 100%), "ÉÍÔRÁCÏÌ TELECOM" and "INTRACOM DEFENSE", according to the stipulations of C. L. 2190/20 and Law 2166/1993 (articles 1-5) and based on the sectors' assets as presented in the September 30, 2005 Accounting Reports was approved.

Furthermore, with the Athens Prefect decision protocol number 40759, issued on December 30 2005, the ÉÔ Services sector spin-off was approved and its transfer to the INTRACOM subsidiary "INTRACOM ÉÔ SERVICES" (previously known as DATABANK), according to the stipulations of C.L. 2190/20 and Law 2166/1993 (articles 1-5) and based on the sector's assets, as presented in the October 31, 2005 Accounting Report.