In accordance with Article 279 of the ATHEX Regulation, as currently in force, INTRACOM S.A. announced today that its 1st Recurring Shareholders? General Meeting, which convened on October 27, 2005, approved the following resolutions:

A. The company's stock option plan under the following terms and conditions:
1. The maximum number of rights that will be issued will amount to 650,000, i.e. 0.50% approximately of the total number of the company?s shares, which corresponds to 131,258,772 shares. The exercise price of each right will be preferential, amounting EUR 2.93 per right, as it was in the previous stock option program.
2. Beneficiaries of the program will be top executives and other executives of the company as well as the respective persons of its affiliated companies.
3. The specific number of rights that will be granted to each beneficiary will be determined by the BoD of the company, according to the beneficiary?s position in the company, his/her performance and overall activity in the company.
4. The exercise of the said rights will be realized within the first fifteen days of December 2006. Rights may be exercised in whole or partially within five years from the aforementioned date, i.e. from December 2006 until December 2011, but always in the first fifteen days of December of the corresponding year. Rights that will not be exercised within the said period will be cancelled.

In addition, the GM authorized the company?s BoD to draw up the relevant regulations of the Stock Option Program as well as to take care of any other details concerning the program.

B. The share capital increase of the company, through the capitalization of a Share Premium reserve, by the amount of EUR 99,756,666.72. The share capital increase will be carried out through a corresponding increase of the share?s par value from EUR 2.11 to EUR 2.87.

C. The share capital decrease of the company by the amount of EUR 99,756,666.72, in order to write off the debit balance of the account ?Balance carried forward?, which derived from the application of International Financial Reporting Standards. The share capital decrease will be realized through a corresponding decrease of the share?s par value from EUR 2.87 to EUR 2.11.
After the aforesaid share capital increase & decrease, the share capital of the company amounts to EUR 276,956,008.92, it is divided into 131,258,772 common registered voting shares carrying a par value of EUR 2.11 each.

D. The modification of article 5 of the company?s Articles of Association (re: share capital).

The GM authorized the BoD of the company to proceed with the implementation of these resolutions.