Vodafone-Panafon announces that its total registered customer base as at 30 June 2003 was 3,631,070, representing a 19.4% increase compared to 30 June 2002.

Total net additions for the quarter (April-June 2003) were 248,305. Contract net additions reached 63,164, maintaining the trends of the last quarters, while prepay net additions for the quarter were 185,141, 93.4% higher than the previous quarter (Jan-March 2003).

In total, prepay customers reached 2,589,155, representing approximately 71% of the total customer base, while post pay customers surpassed 1 million and reached 1,041,915.

The above figures reflect the success of the company's commercial policy and specifically the bundled minutes tariff plans, the success of Vodafone live! as well as the dynamic presence of Vodafone shops in the market.

Blended churn for the quarter reduced to 6% compared to 6.3% in the previous quarter. Post pay churn improved to 8.1% from 8.6% in the previous quarter, and prepay churn to 5.1% from 5.3% in the previous quarter.

Vodafone-Panafon's active customer base(1) for the quarter ended 30 June 2003 improved to 79%, with increased activity in both the post pay and prepay segments. Specifically activity for the post pay base reached 95% while for the prepay base reached 73%.

Vodafone (Albania)(2) , announced a total customer base for the quarter ended 30 June 2003 of 438,598 with the majority being prepay. Vodafone (Albania) captured the majority of net additions in the market for the quarter under review reaching 47,541 customers and increasing further its market share to 44%.

(1) Inactive customers are those who did not generate revenue in the last 3 months.

(2) Vodafone (Greece) holds 49% of the share capital of Vodafone (Albania), while Vodafone International Holdings BV has 51%.