Friday, 22 March 2002

+++ INTRACOM Special General Assembly 2 +++

In their Special General Assembly on March 22nd 2002, INTRACOM shareholders, reflecting upon the investment plan and the development prospects of the newly formed - following the merging of former INTRACOM and Intrasoft - company and observing -as its sole guideline- the shareholders' interest, served by the effective company upgrading and growth, unanimously resolved in favor of modifying the disposal of Stock Exchange funds, originated from the increase of the absorbed INTRASOFT S.A. 's Share Capital (E.G.M. 15.10.1999), abolishing what is prescribed in the Company's approved Information Bulletin.

More specifically, since several "self-financed" projects" were delayed or/even postponed, whereas others, as time passed, changed into vendor-financed projects, shareholders' Special General Assembly on 22/3/2002 proceeded with decreasing the funds intended for "self-financed projects", from 127,953 EURO, as originally planned, to 11,739 EURO. The above was finalized by the General Assembly's resolution to introduce a new investment category pertaining to "Software and Know-how", which is absolutely compliant with the newly emerged Company's activities, as well as to redistribute the sum of 104,476 EURO by increasing the funds intended for investment categories, already approved by Athens Stock Exchange (A.S.E.).

Finally, INTRACOM shareholders' Special General Assembly of March 22nd 2002, subscribed to presenting the Company's Share Capital solely in euros (EURO) and not in Greek drachmas (GRD), following the corresponding amendment of Company's Article 5.