ETMA Eurotelecom 'a'

RNS Number:9472T
EuroTelecom Communications Inc
10 November 2000



                       EUROTELECOM COMMUNICATIONS INC.

                       ANNOUNCES RIGHT TO CONVERT STOCK

EuroTelecom Communications, Inc. (Class A Stock quoted on the Alternative
Investment Market of the London Stock Exchange as ETMA; Trading Symbol-EUTC in
the US) announces that it has obtained stockholder approval amending its
charter to permit holders of its shares of Common Stock to convert their
shares into a like number of shares of the Company's Class A Stock, a move
aimed at improving liquidity in the Company's stock.

Sales of the Company's Common Stock are currently reported in the U.S. on the
"Pink Sheets" operated by the National Quotation Bureau, LLC. By placing such
a right to convert into the Company's charter, holders of Common Stock, the
majority of who are resident in the U.S., will be given the ability, through
conversion, to access a different market, the Alternative Investment Market, a
regulated investment exchange in London ("AIM"). Following conversion, their
right to sell Class A  Stock will be subject to compliance with applicable
United States securities laws which prevent the Company's Class A Stock, which
are not U.S. registered securities, from being sold except in an "offshore
transaction" outside the U.S. to a non U.S. person.

Although a small portion of the Common Stock also is currently listed on AIM
as well as being reported on the Pink Sheets in the U.S., low volumes of such
shares are presently traded on AIM, and the AIM listing does not now provide
the same liquidity in the Company's Common Stock as is afforded the shares of
Class A Stock, already traded on AIM.

The right of holders of Common Stock to convert will apply through December
11, 2000, and thereafter specifically on the following dates only: March 1,
June 1, September 1 and December 1 in the calendar years 2001 and 2002.  The
right to convert will end on December 1, 2002.

Over fifty-two percent of the Company's issued and outstanding shares were
voted in favor of the conversion resolution. Less than 0.3 percent were voted
against. Under Delaware law, the state of incorporation of the Company, an
affirmative vote of the majority of the issued and outstanding shares of the
Company's Common Stock and Class A Stock, voting together, was required to
adopt the amendment.


FOR FURTHER INFORMATION, PLEASE CONTACT:

EuroTelecom                    Phil Derry, CEO or Graham Ford, COO
+ 44 1709 874 600
www.eurotelecom.co.uk


Buchanan Communications        Steve Liebmann/Jeremy Garcia
+ 44 20 7466 5000
stevel@buchanan.uk.com


This press release contains forward-looking statements. Such statements are
based on the current expectations and beliefs of the management of EuroTelecom
Communications, Inc. and are subject to a number of factors and uncertainties
that could cause actual results to differ materially from those described in
the forward-looking statements.

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