HELLENIC TELECOM. ORG.

Announcement

The Hellenic Telecommunications Organization SA (OTE SA), in accordance with Law 3461/2006 (Article 24), Law 3556/2007 and 3340/2005, announces that:
On November 22, 2007 OTE SA acquired through the Athens Stock Exchange 1,059,898 Cosmote shares with corresponding voting rights, for a total of euros 27,820,517 (euros 26,2483 per share). Before the aforementioned transaction OTE SA held 86.47% of the total voting rights of Cosmote SA. and following the aforementioned transaction, OTE SA holds 86.78% of the total voting rights of Cosmote SA.