BETANET S.A. announces that the Extraordinary General Meeting of the shareholders which was held on 1st September 2004 at its registered offices, with a quorum of 61% of the issued share capital, in relation to the sole subject of the agenda approved unanimously the purchase of treasury shares of the Company, through the Athens Stock Exchange in order to support the company's share price, according to the terms of the article 16 of the codified law 2190/1920 and specified:

1. Approval of purchase of treasury shares according to article 16 par. 5 of the codified law 2190/1920 by the following conditions:

a) the maximum number of shares that will be purchased up to 400.000 shares , which represents 4,13% of the issued shares (9.677.025).
b) euros 6,00 per share as the maximum price the shares can be purchased and euros 1,00 per share as the minimum price of purchase
c) the time period within which the above purchases will take place will be 12 months from the decision date of the General Meeting of the shareholders (i.e. up to 31.8.2005).

2. The relevant authorizations for the implementation of the above decision were provided to the company's Board of Directors.