The Board of Directors of the company HELLENIC TELECOMMUNICATIONS ORG. S.A. (HTO) announces to the investing public that, the Recurring Extraordinary Shareholders General Meeting of the company, which convened on 6 July 2005, approved- inter alia-the cancellation of 676,420 own shares, due to the lapse of three years from the time of their acquisition, with a simultaneous share capital decrease of the company by the amount of euro1,616,643.80 that corresponds to these shares, i.e. (676,420 X2.39) pursuant to Article 16, §12 of Codified Law 2190/1920.

Consequently, the share capital of the company henceforth amounts to euro1,172,493,080.81 and it is divided into 490,582,879 common registered shares, of a par value of euro2.39 each.

Also, on 1 August 2005, the Ministry of Development, by its relevant decision approved the modification of the relevant article of the company's Articles of Association. In addition, the ATHEX Board of Directors, during its session of 4 August 2005 was informed about the said share capital decrease due to the cancellation of the company's own shares.

Based on the above, the trading of the 676,420 shares of the company, which are cancelled, will cease on 10 August 2005.