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Panafon Hellenic Tel (PFHD)

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Friday 22 February, 2002

Panafon Hellenic Tel

Trading of new shares

Panafon Hellenic Telecom Co S.A.
22 February 2002



This is to inform you that as of February 25, 2002, 9.187.604 new common
registered (CR) Panafon S.A. shares will start trading on the ASE (Athens Stock
Exchange), following the recent share capital increase, due to the merger with
the Company 'NEXTNET' S.A.' 
On February 25, 2002, the total number of shares outstanding will amount to 
543.314.000 common registered (CR) shares.




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