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 30, 2007 OTE SA acquired through the Athens Stock Exchange 2,798,387 Cosmote shares with corresponding voting rights, for a total of euros 73,454,599 (euros 26.2489 per share). Before the aforementioned transaction OTE SA held 89.09% of the total voting rights of Cosmote SA. and following the aforementioned transaction, OTE SA holds 89.93% of the total voting rights of Cosmote SA.