HELLENIC TELECOM. ORG.

Announcement

On July 29, 2007, the Hellenic Republic, as Shareholder of ΟΤΕ SA, sold 52,446,092 shares, which correspond to 10.7% of OTE SA?s share capital and the same percentage on the total voting rights. Following this transaction, Hellenic Republic?s direct participation in the share capital and the corresponding voting rights of OTE SA has decreased from 35.66% to 24.96%. The aforementioned Shareholder still possesses indirectly approximately 3.07% of the share capital and the corresponding voting rights. Thus, the Hellenic Republic possesses directly and indirectly 28.03% of shares, which corresponds to the same percentage on the total voting rights of OTE SA.
- Percentage of shares before the amendment: 35.66%, with the corresponding voting rights, directly 38.73%, with the corresponding voting rights, directly and indirectly
- Percentage of shares after the amendment: 24.96%, with the corresponding voting rights, directly 28.03%, with the corresponding voting rights, directly and indirectly
- Number of shares before the amendment: 174,796,804, with the corresponding voting rights, directly 189,849,577, with the corresponding voting rights, directly and indirectly
- Number of shares after the amendment: 122,350,712, with the corresponding voting rights, directly 137,403,485, with the corresponding voting rights, directly and indirectly