INTRACOM S.A. HOLDINGS

Purchase of shares of FORTHnet S.A.

INTRACOM announces that the purchase of 3,039,663 common registered voting shares of the company FORTHnet S.A. by MINOAN LINES S.A. was drawn to a close today. It is noted that the aforesaid shares represent 18.038% of the share capital and voting rights of FORTHnet S.A.

In addition, INTRACOM also acquired from its subsidiary company DATABANK, 340,000 common registered voting shares of FORTHnet S.A., which represent 2.017% of its share capital.

Thus, Intracom's total participation in FORTHnet S.A. is 20.530% of its share capital.