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 23, 2007, CommerzBank AG holds 5.06% of the total of OTE SA voting rights, following an acquisition of voting rights on November 21, 2007.
CommerzBank's participation in OTE SA's share capital includes: a) a 5.06% stake in OTE's share capital, amounting to 24,788,747 OTE shares with corresponding voting rights which are directly and indirectly owned by CommerzBank and b) a 0.001% stake in OTE?s share capital, amounting to 6,500 OTE shares with corresponding voting rights, which CommerzBank holds through ADRs (American Depositary Receipts).