Athens, September 22, 2014 –The Hellenic Telecommunications Organization SA (OTE SA or the Company) announces that, in accordance with article 16 of Codified Law 2190/1920, article 9 of Law 3340/2005, the nr 2273/2003 EU Regulation, the resolution of the General Meeting of Shareholders of 26.06.2013 and the resolutions of OTE SA's competent corporate bodies,it acquired on 19.09.2014 through the ASE member Piraeus Securities S.A 49,000 own shares, for an average price of €11.0960 per share, of total value €543,708.34. In total, the Company holds 813,967 own shares representing 0.1660647% of its issued share capital.

This announcement is published in accordance with Law 3556/2007, the Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission, articles10 and 13 of Law 3340/2005 and the Decision 3/347/12.07.2005 of the Hellenic Capital Market Commission.