The company's Board of Directors informs the shareholders that the Annual General Meeting of May 23rd, 2006, among other issues, resolved about the share capital increase of 3.123.750 euro, through capitalization of an equal amount of capital reserves, and the issue of 3.123.750 new free common registered sharers, of nominal value 1 euro each in a ratio of 1 new free share to every 10 held. Following, the above increase, the company's capital amounts to 34.361.250 euro, divided in 34.361.250 shares, of nominal value 1 euro each. The Κ2 - 7781 decision of the Minister of Development regarding the approval of the amendment of the relevant article of the Articles of Association has been recorded in the Register of Societes Anonymes of the Ministry of Development on the 29/05/2006. As a result of the above, the company's Board of Directors resolved the following:
a. Entitled of the above share capital increase through distribution of free shares are the shareholders of the company after the close of business of the Athens Stock Exchange on Tuesday, 20 June 2006.
b. As of the next working day, Wednesday, 21 June 2006, the company's shares will be traded on the Athens Stock Exchange without the right to the above mentioned increase through distribution of free shares.
c. As of the above date, Wednesday, 21 June 2006, the opening price of the company's shares on the Athens Stock Exchange will be formed according to the Regulation of the Athens Stock Exchange.
d. On Wednesday, 28 June 2006, the company's 3.123.750 new free common shares will commence trading in the Athens Stock Exchange. As of the same date these shares will be credited in the beneficiaries' accounts in the Demeterialized Securities System (D.S.S.).

For further information, shareholders may be informed from the relevant Information Document which is available from the company's offices in Athens, Rousou 4 and Messogion Av., Athens 11526, and in the company's website www.megatv.com. For any further information, please contact Mrs Stella Roussi at the above mentioned company's office, during working days and hours (tel: 210-6903312).