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 12, 2007 OTE SA acquired through the Athens Stock Exchange 33,955,411 Cosmote shares with corresponding voting rights, for euro 26.25 per share. Before the aforementioned transaction OTE SA held directly 227,086,941 shares and the corresponding voting rights (representing 67.83% of the total share capital) of Cosmote SA. Following the aforementioned transaction OTE SA holds 261,042,352 shares and the corresponding voting rights (representing 77.97% of the total share capital) of Cosmote SA.