On June 22nd, 2005 BETANET?s Annual General Assembly, having approximately 80,1 % of the issued share capital participation, approved the company's financial statements for the fiscal year 2004, according to which Earnings Before Taxes amounted to 5,3 million, increased by 12,5%, while consolidated Earnings Before Taxes amounted to 5,86 million increased by 28%.

In addition to the regular subjects, the Annual General Assembly decided:

The appointment of the registered auditing firms EUROELENKTIKI S.A and S.O.L S.A to perform jointly the annual auditing of company's financial statements for the fiscal year 2005. The assigned members of the firms mill be Mr. Kassimatis Georgios (R.N 10841) and Mr. Zaharioudakis Mihalis (R.N 13191) and as substitutes Mr. Prokopidis Antonios (R.N 14511) and Mrs. Harou Maria (R.N. 15171) respectively. Their fees will be fit to the legal accounting fees. ? The dividend payment of 0,14 per share remained the same to the previous fiscal year and results in 4,5% net dividend yield based on the current share price.

Beneficiaries to the dividend will be the investors holding BETANET?s shares at the end of the Athens Stock Exchange trading on June 22nd, 2005 (Day of the record). From Thursday, June 23rd, 2005 onwards the company?s shares will trade at the Athens Stock Exchange without having any rights to the above-mentioned dividend. Divided payment will begin on Monday, August 8th 2005.

Finally the General Assembly aprooved the participation of all Directors and members of the Board in all Board Meetings of subsidiaries and associates that peruse the same goals as the Company.