1. Press Conference

2.  Industrial trends merging media – Mobile/Internet  Consumers demanding more complex services – however also need to have education and training  P4 needs customer reach – this provides a good platform but will need to be supplemented  Poland’s restrictive retail practice has been bad for the Polish consumer – this deal will open up retail and give a better wider choice. In the same time, we will not prevent other operators and brands from being present. Why

3.  Germanos expands P4’s distribution network with market leading expertise in mobile sales  Strengthens P4 with a new strategic investor providing financial capacity to support the project and unique know-how  Gives P4 mass market distribution within weeks of commercial launch – previously unheard of P4 GAINS

4.  Unique opportunity to participate in the creation of a new and innovative mobile operator that goes beyond boundries of a typical, old fashioned mobile operator  Chance to leverage many years of experience in mobile phone and electronics sales to further develop and change Polish retail telecommunication market  Greater flexibility to develop a better consumer experience GERMANOS GAINS

5.  Provides Netia with a high street/shopping mall distribution capability to support consumer sales of broadband internet and future convergent services  Confirmation that Netia is adding value to its investment in P4  A new strategic partner with crucial core competences is joining the joint venture NETIA GAINS

6. Panos Germanos becomes a new owner Current P4 ownership Future P4 ownership

7. Tollerton Group Structure in Poland  The Germanos Group network to be acquired by P4 consists of three companies:  Germanos Polska: 196 POSs  MPT: 104 POSs  TCM: wholesale – prepaid cards and coupons  Tollerton is exiting from investment in Orange distributor GTI. MPT 104 POS (Era) Tollerton Investment GTI 156 POS (Orange) TCM wholesaler 100.0% Germanos 196 POS (Era) Ownership Structure Germanos Group 100.0% Olympia Development 100.0%

8. Thank You