Panafon Hellenic Telecom Co S.A.
2 October 2000
                                                              

                         Board Changes
                               
         (Following the Annual Shareholders' Meeting)

Panafon Hellenic Telecommunications Company S.A. announces the
composition of the new Board of Directors following the Annual
General  Meeting on the 28th September 2000. The new Board  of
Directors is as follows:

1. Julian  Michael  Horn-Smith,  President   (Main   Board
   Director of Vodafone Group Plc and Chief Executive  of  its
   European Region)

2. Tryfon Koutalidis, Vice President  (Founder of Law office
   T.J. Koutalidis)

3. George Koronias, Chief Executive Officer

4. Sokratis Kokkalis, Member  (Chairman of Intracom S.A)

5. Theodoros  Hatziandreou, Member  (Managing  Director  of
   Panafon Emporiki)

6. Michael  John  Pitt,  Member (Finance  Director  of  the
   European Region of Vodafone Group Plc)

7. Stewart Dale White, Member  (Vodafone Group Public Policy
   Director)

8. Antonio Carrapatoso, Member  (Chief Executive Officer of
   Telecel, Portugal)

9. Vittorio  Colao,  Member  (Chief  Executive  Officer  of
   Omnitel, Italy)

10. Hans  Anthony  Kuropatwa, Member (Director of the  European
    region  of  Vodafone  Group Plc,  responsible  for  Greece,
    Malta, Netherlands, Sweden and Italy).

                               
The  Board of Directors are elected for 5 years. The  previous
Board of Director's 3 years term expired and as per the agenda
of   Panafon's  Annual  General  Meeting   the  new  Board  of
Directors are elected for a 5 year term.


For further information:


Maria Kaini, 
Panafon Investor Relations Analyst, Tel: + 3 01 6160692

Lulu Bridges,
Tavistock Communications, Tel:  +(44) 20 7600 2288

Nicolas Bornozis ,
Capital Link, Tel: + (212) 661 7566



Notes to Editors:

1.    Panafon's shares are quoted on the Athens Stock Exchange
      and  its GDSs are quoted on the London Stock Exchange.   The
      shares began trading on Monday 7 December 1998.

2.   Panafon has 512, 500,000 shares on issue.

3.   Panafon is a shareholder in:
     Panafon Emporiki (previously Panavox)100.00 per cent
     Panafon Services                     100.00 per cent
     Radio Korassidis Telecom             26.11 per cent
     Unifon                               19.01 per cent
     Mobitel                              25.01 per cent
     Ideal Telecom                        51.00 per cent
                                          (following
                                          completion of all
                                          legal procedures)
     
4.   Panafon was awarded a licence to operate a GSM network in
     Greece for a period of 20 years in August 1992.  The network
     commenced operations on 1 July 1993.

5.   Panafon's shareholding structure is as follows:
     Vodafone Group Plc       55 per cent
     France Telecom           3  per cent
     Intracom S.A.            10 per cent
     Free float               32 per cent