HELLENIC TELECOM. ORG.

Announcement

Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, in response to press articles today announces that:
OTE S.A.'s Board of Directors convenes in line with the company's Articles of Association and the applicable law as always. The company has been informed of the articles of the press and will reserve its legal rights.
The company operates in full compliance with Hellenic Capital Market Commission's and Athens Stock Exchange's regulations at all times and, within this framework, proceeds with all necessary public announcements whenever and in case these are required.
Attached bellow is the agenda of OTE SA's Meeting of the Board of Directors on 9/11/2007.