National Bank Of Greece & Telestet Offer First Wireless Banking in Greece

National Bank Of Greece & Telestet Offer
Wireless Banking in Greece

December 15, 1999


Stet Hellas Media Relations:

Deppie Tzimea-Houliarakis, 011-301-618-6160
Stet Hellas Investor Relations:

George Rallis, 011-301-618-6585

ATHENS, Greece -- The National Bank of Greece (NBG)
and Telestet today launched the Greek market's first wireless application that
allows customers easy anytime, anywhere access to a host of banking services
using Telestet's cellular network.

Using Telestet's Short Messaging Service (SMS) application, customers can
access real-time information and balances on any of the accounts and credit cards
they have with NBG.

The new GSM Banking service is available to Telestet's contract and prepaid
customers without any monthly fee or subscription charge.

The companies said they would eventually expand GSM Banking to include
additional applications. One such service would automatically alert customers to
any change in their account balance. GSM Banking marks the second step in a
Stet Hellas, National Bank of Greece collaboration. Last July customers began to
use NBG's nationwide network of ATMs to add credits to their Telestet prepaid
phones or to pay monthly bills.

The National Bank of Greece noted this was yet another confirmation of its
commitment to lead in the development of new retail banking services.

"The launch of these new services signifies a new era both for banking and
mobile telephony. Telestet is committed to offering freedom to customers
through services that save time and that improve the quality of their lives. Expect
from us a flood of innovations in the telecom millennium," said the
Managing Director of Stet Hellas, Mr. Roberto Rovera. "The National
Bank of Greece is an outstanding collaborator and shares Telestet's strategy of
ensuring that our customers find it easy to do business with us whenever and
wherever they want."