The company LAN-NET COMMUNICATIONS S.A.announces that, as from Wednesday, 1st February 2006, will commence the trading of: a) 321,086 new common registered shares of the company which have resulted from the recent share capital increase of the company by EUR 333,929.44, due to the exercise of a stock option plan by Members of the Board of Directors, executives and employees of the company, which amount in total to 22 persons,at an issue price per share of EUR 1.14, according to the resolution of its Shareholders' Extraordinary General Meeting on 27.12.2002 , as such was amended by its 2nd Recurring Shareholders' Extraordinary General Meeting on 30.06.2005 and its Board of Directors' decision of 31.12.2005, b) 500,000 new common registered shares of the company, which derived from its share capital increase by EUR 520,000.00, due to the conversion of 500 bonds into 500,000 shares, from the existing convertible bond loan of the company, issue of 11.11.2005, of a nominal value of EUR 5,720,000, divided into 5,500 bonds and a conversion price of EUR 1.04 per share, according to the resolution of the company's 2nd Recurring Shareholders' Extraordinary General Meeting of 30.06.2005 and the resolutions of its Board of Directors of 13.12.2005.

The aforesaid increases, which does not constitute an immediate modification of the company Charter were certified by the Board of Directors of the company on 31.12.2005 and 14.12.2005 respectively, in implementation to the resolutions of the aforementioned General Meetings and relevant announcements were registered in the Official Register of Societes Anonymes on 23.01.2006..

Also, the ATHEX Board of Directors, during its session on 26.01.2006 approved the introduction for trading of the aforementioned 321, 086 new common registered shares of the company derived from the exercise of the stock option plan and of the 500,000 new common registered shares of the company, which stemmed from the conversion of bonds into shares. Moreover, by the relevant decision of the company's Board of Directors, the trading of the new shares will begin on the ATHEX on 1st February 2006. As of the same date, the opening price for the trading of the new shares on the ATHEX will be formulated according to the ATHEX Regulation, while the new shares will have been credited to the beneficiaries' Investors Shares and Securities Accounts that are kept in the Dematerialized Securities System (DSS).

For further information, Messrs. Shareholders may contact the company's Shareholders' Service Department at +30 210-5708100.