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 13, 2007 OTE SA acquired through the Athens Stock Exchange 16,742,659 Cosmote shares with corresponding voting rights, for euro 26.2496 per share. Before the aforementioned transaction OTE SA held directly 261,042,352 shares and the corresponding voting rights (representing 77.97% of the total share capital) of Cosmote SA. Following the aforementioned transaction OTE SA holds 277,785,011 shares and the corresponding voting rights (representing 82.97% of the total share capital) of Cosmote SA.