MIG HOLDINGS S.A.

Announcement

Marfin Investment Group Holdings S.A. hereby notifies, pursuant to articles 9, 11 and 21 of Law 3556/2007, that on 23.10.2007 its total percentage of voting rights held in the "Hellenic Telecommunications Organization S.A." amounts to 13.94 %. Of the above percentage, a) 9.5 % corresponds to 46,572,643 shares of the Issuer held directly by the Company and b) 4.4421% corresponds to 21,772,970 shares of the Issuer, which the Company is entitled to acquire pursuant to the terms of a financial instrument (total return equity swap), with the relevant voting rights exercised pursuant to the Company's instructions.