News Release

Greek Mobile Carrier's Prepaid Sales Plan Develops

Stet Hellas agreement sells B Free service through Eastman Kodak shops

July 20, 1999

Media Relations:
Deppie Tzimea-Houliarakis
011.301.618.6160

Investor Relations:
George Rallis
011.301.618.6585

ATHENS, Greece — Take a picture, take home a B Free. Greek mobile carrier Stet Hellas's popular prepaid mobile telephone service, B Free by Telestet, has become easier to take home with the addition of Kamera Avete, Greece's network of Eastman Kodak photo shops, to Stet Hellas's growing network of retail distributors.

Thirty-five of the popular shops, which sell Eastman Kodak products and services, have started selling B Free phone packages and recharge scratch cards. More are planning to do the same in coming weeks, under an exclusive agreement between the two companies, increasing Stet Hellas's Telestet brand presence in the market.

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Stet Hellas Telecommunications S.A. is at the forefront of the mobile communications industry in Europe. To its growing base of more than 928,000 customers in Greece, the company's Telestet brand stands for innovative services and the latest in communications technology. The company's shareholders include Stet Mobile Holdings NV, Bell Atlantic and the Interamerican Group. The company's stock is publicly traded on the NASDAQ (STHLY) and Amsterdam (STHLS) exchanges. Internet users: Visit our NEW web site at www.telestet.gr.

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