Vodafone Greece, Greek broadband provider Hellas Online (HOL), Intracom and World Equities Investments have entered into exclusive negotiations for the purpose of exploring the possibility of entering into a transaction which shall involve Vodafone becoming a strategic partner of HOL. The transaction would include Vodafone Greece acquiring a minority equity participation in HOL in exchange for contributing its existing fixed line DSL assets. Vodafone and HOL will combine their respective offerings in the Greek market and jointly market Vodafone's mobile products and services and HOL's DSL and telephony services on an exclusive basis. As the exclusive negotiations in respect of the transaction are in an early stage, it is uncertain whether they will lead to the consummation of a transaction. The parties will inform the investors of the outcome of their negotiations in accordance with the applicable legal and regulatory requirements.