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INTRAROM signs a € 122.5 million contract with the Romanian Ministry of Education, Research and Youth

Athens, Greece, September 18, 2008 - INTRACOM TELECOM, a part of SITRONICS Telecom Solutions business division, through its subsidiary INTRAROM S.A., has signed a 122.5 million euro contract (including VAT) with the Ministry of Education and Research, to equip IT laboratories in over 8,000 secondary education schools.

Within the framework of the contract, INTRAROM will supply infrastructure which includes workstations and servers connected through structured cabling and networking equipment in local and wider area networks. The company, along with its subcontractor, SIVECO Romania S.A, will also provide multimedia equipment, educational software applications, as well as installation and training services.

INTRAROM was awarded this contract after winning the relevant open tender issued by the Romanian Ministry of Education and Research and Youth.

About INTRACOM TELECOM

INTRACOM TELECOM is a leading developer and producer of telecommunication systems as well as provider of integrated solutions and professional services to fixed and mobile operators in the EEMEA region. Over 100 customers in more than 50 countries choose INTRACOM TELECOM for its state-of-the-art products and solutions. INTRACOM TELECOM has 2,700 employees, operates subsidiaries in 14 countries and is amongst the largest European companies leading in R&D investments. Since June 2006, INTRACOM TELECOM has been controlled by JSC SITRONICS (Russia) with 51%. JSC SITRONICS is the technology subsidiary of JSFC SISTEMA, the largest consumer services company in Central and Eastern Europe. INTRACOM HOLDINGS Group (Greece) retains a 49% stake.

About INTRAROM

INTRAROM is the subsidiary of INTRACOM TELECOM Group of Companies, the leading regional developer and manufacturer of telecommunications systems and supplier of integrated solutions and professional services. With a total investment of over Euro 40 million in infrastructure and personnel training, the company grew and nowadays has over 600 employees holding the most complex facilities for the production of electronic and telecom equipment in Romania. Sustained by a solid infrastructure, the Company's experience record includes prestigious references for the following lines of business: Telecom Equipment Manufacturing, ICT System Integration, Telecom Infrastructure Deployments.