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ANNOUNCEMENTS

Teletypos Cyprus Sells Netmed Stake To Forthnet

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Following the announcements of 01.11.2007 and 15.04.2008, "Teletypos S.A." notifies that, on 27.08.2008, "Teletypos Cyprus Ltd", a 100% subsidiary of "Teletypos S.A.", sold its participation in the share capital of the Dutch company "Netmed N.V." to "Forthnet Holdings S.A.", a 100% subsidiary of "Forthnet S.A.".
This transfer took place according to the terms and after the fulfillment of the conditions related to the 14.04.2008 selling agreement, and the value of the transfer of Teletypos Cyprus Ltds participation amounted to 53.870.400 euros.
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