Athens, May 12, 2014 – The company “Hellenic Telecommunications Organization SA” (OTE SA or Company), announces that, on 9/5/2014 has proceeded with the transfer (Over the Counter- OTC) of 5,270,490 own shares, representing 1.08% of the Company's paid-up share capital, to 484 beneficiaries of the approved, by the General Meeting of the Company's Shareholders, “Stock Option Plan” due to the exercise of equal number of Vested Rights, as follows:

• 2,118,609 own shares at the price of €4.49 per share
• 2,020,520 own shares at the price of €4.77 per share
• 1,099,601 own shares at the price of €5.635 per share
• 31,760 own shares at the price of €11.26 per share

Τhe total value of this transaction stood at €25,704,304.05.

Following this transaction, the Company holds today 454,120 own shares.

This announcement is published in accordance with Law 3556/2007, the Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission, articles 10 and 13 of Law 3340/2005 and the Decision 3/347/12.07.2005 of the Hellenic Capital Market Commission.