TNW Teleset Net

RNS Number:8854Y
Teleset Networks PLC
22 June 2007

               Teleset Networks PCL ("Teleset" or the "Company")



                    Notice of Extraordinary General Meeting



The Board of Teleset announces that a notice of extraordinary general meeting ("
EGM") of the Company has been despatched to shareholders.  The EGM will be held
at the Company's registered office at Lemesou 89, 2121 Aglantzia Nicosia -
Cyprus, on the 29th June 2007 at 12:00 hours.  The purpose of the EGM is (i) to
empower the Board for a period of three months to issue and allot up to
11,000,000 ordinary shares for cash, (ii) to empower the Board for a period of
one year to issue and allot up to a further 11,000,000 ordinary shares and (iii)
to disapply the pre-emption rights of the shareholders of the Company in
relation to both these issues totalling 22,000,000 ordinary shares.








Teleset Networks PCL                                       +357 22 450790
Yiannis Demetriou

Blue Oar Securities Plc - Nominated Adviser                +44 20 7448 4400
Shane Gallwey

Metropol (UK) Limited - Broker
Alexander Selegenev                                        +44 20 7439 6880

Bankside - PR
Simon Bloomfield                                           +44 20 7367 8861








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