Info-Quest SA announces, according to the article 278 of the Athens Stock Exchange Regulation that today, December 5, 2005 the Extraordinary Shareholders' General Meeting had taken place at the company's premises.

The General Meeting convened with a quorum of 71,55%, with nine shareholders being present unanimously decided the following:
1. The Spin Off of the Telecommunications Sector of the Company and contribution of the Sector to the company "Q Telecommunications Societe Anonyme" according to Law 2166/1993. The General Meeting ratified the 31.8.05 Balance Sheet of the Telecommunications Sector of the Company and the Draft of the Spin off Contract. It also approved all the actions and declarations of the Board of Directors of the Company up to date.
2. The General Meeting authorized the Board of Directors to proceed to any necessary action or declaration for the completion of the spin off and the appointment of a legal representative for the execution of the spin off contract.
3. The General Meeting ratified the contract dated 27.10.05 regarding the sale of the 100% of the shares of the company Q Telecommunications Societe Anonyme and authorized the Board of Directors to proceed to any necessary action or declaration for the completion of the above sale of 100% of the shares of Q Telecommunications Societe Anonyme.
4. The cancellation of 1.386.950 Shares of the Company according to par. 12 of Art. 16 L.2190/20, the respective decrease of the company's share capital and the modification of article 5 par. 1 of the Company's statute.
5. The modification of the article 9 of the Company's Statutes so that up to two vice chairpersons can be elected.

The Chairman of the Board, asked about the exact time for the completion of the sale of Q Telecommunications clarified the following:
1) The spin off is expected to be completed within 2005. The Hellenic Telecommunications & Post Commission has granted approval for the transfer of the telecom licenses to the subsidiary company Q Telecommunications S.A.
2) The process of the sale of Q Telecommunications shares to APAX Partners and TPG is expected to be completed before the end of February 2006, following all necessary approvals from the appropriate authorities.
3) The management of Info-Quest has not yet formed a complete and definite decision about the use of the proceeds from the sale of Q Telecommunications. The management believes that the shareholders should be rewarded for their trust, loyalty and commitment all these years. Upon the completion of the sale, the management will inform the shareholders as regards to the use of the proceeds.