Info-Quest S.A. announces that according to the decision of the National Telecommunications and Posts Committee (NTPC.) dated February 15, 2006, is called to pay to the latter the amount of EUR 22,632,974.37 as a consequence of a change of control of Q Telecommunications S.A., which on 31.1.20006 was sold to the company HELEN GAC Telecommunications S.A., subsidiary company of TIM Hellas.

It is agreed between Info-Quest S.A. and HELEN GAC Telecommunications (the buyer), that the price for the transaction of the above sale which is already paid on January 31, 2006 ( 325m.) will be upwards adjusted due to the NTPC payment by an additional amount of 5m., thus the final price for the transaction will be 330m.

Furthermore, the Board of Directors of Info-Quest S.A. announces that in the Shareholders' Ordinary General Meeting, which is expected to convene within March 2006, will propose, inter alia, to shareholders the share capital increase of the company through the capitalisation of part of "reserve funds resulting from the share premium account" and an increase of the nominal value of the company's share.

Moreover, at the same OGM, the company will also propose the simultaneous share capital decrease- through a reduction of the nominal value of the share - and a return to shareholders of an amount equal to 1.5 per share. The amount that will be required for this return, i.e. EUR 73 million approximately, is currently available.

It is also noted that the total banking lending of the company, as this is presented in the financial statements of 31 December 2005, has been paid in full. All the relevant details that concern the decrease and return of capital will be announced in the upcoming Shareholders' Ordinary General Meeting.