Telestet Launches New Stock Information Services

Telestet Launches New Stock Information

Real-time stock alert another Stet Hellas first

12 July 1999


Media Relations:

Deppie Tzimea-Houliaraki, +301-618-6160

Investor Relations:

George Rallis +301-618-6585

ATHENS, Greece -- Greek investors on the street outside
the Athens Stock Exchange building Friday got the chance to learn first
hand about the latest way to access up-to-the-minute stock information.
They were met on Sofokleous Street -- the Wall Street of Athens-- by
Telestet representatives who demonstrated Telestet On-Line Stock, the
new real-time stock information message service that can be accessed by
mobile phone.

On-Line Stock provides easy and affordable access to instant information
-- sent via a text message using Telestet Short Message Service -- on all
stocks traded on the Greek Stock Exchange. The service also features the
only real-time stock alerts for the Athens exchange by a mobile telephony
provider in Greece.

To use the service, a customer simply enters a set of numbers on their
handset to send a text message via Telestet Short Message Service.
Within seconds, the service responds with the requested information on
the user's handset screen. Each exchange carries a charge of about 60
drachmas, or less than US$0.20 cents. There is no registration fee or
service charge.

Launched last week, On-Line Stock features

  • Stock Alert, a Telestet exclusive, providing immediate notification
    when a user-selected stock hits a target price for that trading day.

  • Exclusive detailed, real-time reports on individual stocks that
    include the latest trading price, percentage change, total volume, numbers
    of buyers and sellers, spreads and volumes, highs and lows, and the
    previous day's close.

  • Updates on as many as five stocks in one message.

  • Information on the top and bottom five stocks as well as trading
    volume information.

    In addition, users can access

  • Closing of the Greek exchange's general and industrial average
    indexes, as well as international index closings for the New York, London,
    Frankfurt, Tokyo and Paris stock markets.

  • Exchange rates for the current and previous days.

Telestet is providing the service in cooperation with KAPA-TEL, the
Athens-based financial information service. Telestet On-Line Stock
promotion and publicity will include print and broadcast advertising,
direct mail to targeted audiences and subscriber bill inserts.

On-Line Stock's stock alert service is the latest in a string of firsts in the
Greek market for Telestet. Last month, the company announced a
partnership with National Bank of Greece to provide customers access to
Telestet services using the bank's automated teller machines, as well as the
commercial launch of Telestet Iridium, the first global satellite telephony
service accessible by handset in Greece.

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, and its stock is publicly traded on the
NASDAQ (STHLY) and Amsterdam (STHLS) exchanges. Internet users:
Visit our NEW web site at www.telestet.gr.