Αthens, November 16, 2011 – The Hellenic Telecommunications Organization SA (OTE SA), announces that its non executive BoD member Mr. Rainer Rathgeber has submitted his resignation. Following the submitted resignation, OTE's Board of Directors' meeting, elected Mr. Klaus Müller as new member of the BoD, in replacement of Mr. Rainer Rathgeber, for the rest of the latter's tenure, until the date of the Ordinary Shareholders' General Meeting of 2012 and with the same capacity.

Short CV of Mr Klaus Müller

Klaus Müller, born in 1965, has been a member of the Deutsche Telekom Group since 1997. Currently he holds the position of Senior Vice-President for Strategy Execution and Performance Management in DT´s Board Area Europe. Until September 2011 he was COO of DT's mobile telephony subsidiary in FYROM and Deputy CEO of DT's fixed-line subsidiary in FYROM. Prior to that he was Executive Vice-President for DT Group Regulatory Strategy and from 2000 – 2005 he served as Director of Magyar Telekom's Wholesale Division. Mr. Müller holds a Diploma in Economics and a PhD in Political Economics from Nuremberg University, Germany.