HELLENIC TELECOM. ORG.

Announcement

The Hellenic Telecommunications Organization SA (OTE SA), in accordance with Law 3556/2007, announces that:
According to the notification of its shareholder CommerzBank AG, on November 14, 2007, the total of OTE SA voting rights which CommerzBank AG holds has fallen below 5% of the total OTE SA voting rights, following a disposal of voting rights on November 13, 2007. It is noted that, according to CommerzBank's previous notification to OTE SA, the former held 5.001% of the total voting rights of OTE SA.