QUEST HOLDINGS S.A.

Announcement

Info-Quest announces that the Spin Off of the Telecommunications Sector of the Company and its contribution to the company ?Q Telecommunications S.A.? according to Law 2166/1993 was completed on Friday, December 30th, 2005, following the registration of the decision No. 13897/05 of the Prefecture of Athens (South Sector) with the Company Registry. Transformation balance sheet dated August 31st, 2005.