HELLENIC TELECOM. ORG.

ANNOUNCEMENT OF REGULATED INFORMATION

Αthens, November 29, 2011 – In response to the relevant question received by the Capital Markets Commission (Ref. 5316/28-11-2011), OTE replies that it is in talks with Telekom Serbia with the aim of disposing its 20% stake in the company. As negotiations are ongoing, OTE cannot comment either on their outcome, or on the timetable.