ADVISORY/STET Hellas Announces Ordinary General Assembly of Shareholders

Business Wire, March 20, 2002

Business Wire

ADVISORY ...for Thursday (April 11)

--(BUSINESS WIRE)

STET Hellas Telecommunications SA (NASDAQ: STHLY; Amsterdam: STHLS) today announced that the Ordinary General Assembly of the company's shareholders will take place on Thursday, April 11, 2002, at 17.00 at the company offices in Maroussi (Kifissias Avenue no. 66).

In accordance with the law and the statute of the company, the Board of Directors invites the shareholders of the Societe Anonyme under the corporate name STET HELLAS TELECOMMUNICATIONS S.A. to the Ordinary General Assembly to discuss and resolve on the following issues of the agenda:

                        AGENDA

1.       Approval of the balance sheet and consolidated
         balance sheet for the financial period ended
         31.12.2001 together with the reports relating
         thereto as prepared by the Board of Directors and
         the auditors.
2.       Approval of the proposal of the Board of Directors for the
         distribution of the Company's  profit for the financial
         year ended December 31, 2001.
3.       Exemption of the Board of Directors  members and of the
         auditors  from any  liability  for the  corporate
         operations  for the financial period ended on 31.12.2001.
4.       Appointment of ordinary and deputy auditors for the
         year 2002.
5.       Approval of compensation to the Board of Directors members.

The shareholders who wish to participate in the annual Ordinary General Assembly have to deposit their shares in the company or to the Deposit and Loans Fund or to any other Bank in Greece and submit the relevant certificates of deposit, as well as any documents of representation, at the company offices, at least five (5) days before the meeting of the Ordinary General Assembly.

STET Hellas Telecommunications SA (Nasdaq: STHLY; Amsterdam: STHLS) is at the forefront of mobile communications in Europe. To its growing base of more than 2.1 million customers in Greece, the company's Telestet brand stands for innovative products and services. The company's shareholders include TIM International NV of the Telecom Italia Group (NYSE: TI) and Verizon Communications (NYSE: VZ), and its stock is publicly traded on the Nasdaq and Amsterdam exchanges.