On June 17th, 2004 BETANETs Annual General Assembly, having approximately 76,9% of the issued share capital participation, approved the companys financial statements for the fiscal year 2003, according to which Earnings Before Taxes amounted to euros 4,71 million, increased by 80,5%, while consolidated Earnings Before Taxes amounted to euros 4,58 million increased by 16,6%. In addition to the regular subjects, the Annual General Assembly decided:

- The dividend payment of euros 0,14 per share. It is noted that the above distributed amount presents 40% increase with respect to the fiscal year 2002 and results in 3,3% net dividend yield based on the current share price.

- Beneficiaries to the dividend will be the investors holding BETANETs shares at the end of the Athens Stock Exchange trading on June 18th, 2004 (Day of the record). From Monday, June 21st, 2004 onwards the companys shares will trade at the Athens Stock Exchange without having any rights to the above-mentioned dividend.

- The companys Board will publicly announce shortly additional detailed information regarding the exact procedure and date of dividend distribution.