Lannet announces it signed an agreement with the Municipality of Trikala for the pilot joint venture concerning the expansion of the Municipality's infrastructure network that will benefit people of the greater area.

In more detail, the Municipality of Trikala will grant Lannet the exclusive use of its current fibre optics network that has already been deployed whereon Lannet will apply the appropriate technology and know how using its facilities, and will also provide the necessary equipment in order to allow Trikala to expand its infrastructure network.

In addition, Lannet will deploy a WiMAX network in the area as well as all necessary equipment in order to provide broadband services to the local people (VoIP Telephony, Entertainment, High speed Internet access, e-mail services etc.).

With this agreement, Lannet will ensure the required "bandwidth" to enable the operation and the backhaul interconnection in 15 Wi-Fi hotspots, 5 of which will be provided by Lannet. Hence, via the Wi-Fi network, the Municipality of Trikala will continue to offer the services to its 70,000 inhabitants, like it has done for the past three years, free of charge, courtesy of Lannet's sponsorship, allowing secure internet access at a higher speed and in addition, Lannet will have the ability to expand the range of services offered.

Moreover, Lannet will provide the livebox & Playbox platforms to the local people at very competitive prices.

It is noted, that the launch of the commercial operations of the network will take place within the 1st semester of 2008.

Lannet, via this new agreement, continues to implement its strategic plan to offer high quality and advanced broadband services at competitive prices for telecom services users who reside not only in the large metropolitan areas but also in other cities and villages throughout Greece.

Lan-net Communications SA is a leading telecom operator in Greece, serving its customers through its nation-wide network, providing full range of products and services that include high quality fixed telephony, internet access as well as fixed broadband wire line and wireless services based on xDSL and WiMax technologies respectively at competitive pricing.

The company is listed on the Athens Stock Exchange in the telecommunications sector. For further information, investors should visit the company website (www.lannet.gr) and/or contact Investor Relations Department Mr Konstantinos Bratsikas tel #: +30 211 000 8712, E-mail: bratsikas.kostas@lannet.gr.