Telia: Indicative results 2004

At the meeting held on Thursday, February 24, 2005 at the Company’s office, Alithia Court, Pindarou & Androcleous Corner, 1060 Nicosia, the Board of Directors of Telia Aqua Marine Limited approved the indicative results for the year ended December 31, 2004. The results are attached.

The indicative results together with the explanatory report will not be posted to the shareholders but will be published in newspaper “Alithia” on Saturday, February 26, 2005.