In response to press articles, commenting on the additions/amendments of OTE SA's Articles of Association which are on the agenda of the upcoming Extraordinary General Assembly, OTE announces that these additions/amendments to its Articles of Association are the first step towards the full alignment of its Articles of Association with the applicable Law 3604/2007.
In this context and in implementation of Article 5, Paragraph 2 of Law Ν. 3604/2007, amendments to OTE SA's Articles of Association will be proposed, which will allow amongst other, the potential issue of all types of shares including preference shares. The aim is to broaden the company's options with regard to its capital structure. Provided that this agenda item is approved by the General Assembly, OTE will simply have the option to issue such shares. Currently, the company is not planning to propose any issuance of any type of shares to its shareholders.