According to article 278 of the current Athens Exchange Regulation, INTRACOM HOLDINGS announces that during the Second Repeated Meeting of the 23.10.2006 Extraordinary General Meeting of Company shareholders, held on 24.11.2006, attended by 59 shareholders and their representatives holding 62.261.829 Common Registered shares with voting rights, out of a total of 132.413.583 such shares (quorum percentage 47,02%), the reduction of the Company''s share capital was decided upon, unanimously, with 62.261.829 votes, by the amount of Euro 92.689.508,10, in order to cover for the debit balance which resulted from the first application of the International Financial Reporting Standards (change of Accounting Principles), by a corresponding reduction of the nominal value of each share from Euro 2,11 to Euro 1,41 and the corresponding amendment of article 5 of the Company''s Articles of Association, regarding share capital. Following the above, the Company share capital amounts to Euro 186.703.152,03 and is divided in 132.413.583 Common Registered shares with voting rights, of nominal value Euro 1,41 each.
Finally, the Extraordinary General Meeting of Company shareholders unanimously decided (62.261.829 votes) the corresponding amendment of article 5 of the Company''s Articles of Association, regarding share capital, as well as the provision of authorisation to the Company Board of Directors in order to act upon this resolution.