HELLENIC CABLES HOLDINGS S.A.

Announcement for the payment of dividend for fiscal year 2006

According to the decision of the Annual Regular Meeting of Shareholders of the company HELLENIC CABLES S.A. on 14 June 2007, the 2006 fiscal year dividend amounts to 0.10 euros per share. Beneficiaries of the dividend are the shareholders at the end of the meeting of the Athens Stock Exchange (ASE) of 6.20.2007. As of 6.21.2007, the share will be traded without the right to a dividend for fiscal year 2006. The dividend will be paid in accordance with the new procedure defined by the Regulation of the Athens Stock Exchange, article 329 and the Regulation of the Central Deposit of Shares, article 39. The payment of the dividend will be completed by the main branch and the network of branches of ALPHA BANK, from 28 June 2007 until the end of the year as follows: 1. To the managers of beneficiary Shareholders (trustees _ stock market companies), provided they have been granted with the right of collection. 2. To the Shareholders personally, provided they have retracted or have not provided the respective authorization to a manager, by presenting to the branches of Alpha Bank: - Their Police identification card, - The information of the share in S.A.T. if they keep their portfolio at the Central Deposit of Shares. 3. The collection of the dividend by a third party is possible provided they present, aside from the above, also an authorization with the complete information of the beneficiary, certified for the authenticity of their signature by the Police or other Office. Following the deadline expiration of the dividend payment by ALPHA BANK, the payment of dividends will be completed by the offices of the company, 252 Piraeus, Tavros. For further information the shareholders may contact the Shareholders Service Department of the company at tel.: 22620 86624 during working days and hours.