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Panafon Hellenic Tel (PFHD)

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Monday 04 October, 1999

Panafon Hellenic Tel

Directorate

PANAFON HELLENIC TELECOMMUNICATIONS COMPANY S.A.
4 October 1999
                                                              

PANAFON S.A. BOARD OF DIRECTORS CHANGES

Panafon  Hellenic  Telecommunications Company  S.A.  announces
that  Mr  Paul John Wybrow, has resigned from his position  as
Member of the Board of Directors and Mr. Vern Tyerman has been
elected  as  a new Member of the Board with effect  from  29th
September 1999.

For further information please contact:

George Stefanopoulos,
Investor Relations Manager
Panafon
Tel:  +(30 1) 616 0061
or
Lulu Bridges
Tavistock Communications
Tel: 0171 600 2288

                                                                                                                          

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