Announcement regarding the article that was published on the 7th of April at the internet site Reporter.gr and was reproduced today on Bloomberg.

ΓΕΡΜΑΝΟΣ Α.Β.Ε.Ε.

Announcement regarding the article that was published on the 7th of April at the internet site Reporter.gr and was reproduced today on Bloomberg.

Athens, 8th April 2005. Regarding the article that was published on the 7th of April at the internet site Reporter.gr and was reproduced today on Bloomberg, according to which 'Germanos SA may be interested in buying Greece's TIM Hellas Telecommunications SA from Apax Partners Worldwide LLP and Texas Pacific Group', GERMANOS Management firmly declares that it has never been involved in such negotiations and has no intention in acquiring TIM Hellas.