Athens, June 27, 2016  – The company “Hellenic Telecommunications Organization S.A.” (OTE S.A. or the Company), announces its intention to buyback, during the period from 27/6/2016 until 31/8/2016,  23,000 own shares, namely about 0.005% of the Company's paid-up share capital, at a maximum purchase price of €15 per share and a minimum purchase price of €2 per share.

OTE S.A. intends to purchase the above shares within the framework of implementation of the executives' incentive programs, as approved by the Company's Shareholders' General Meeting.

The purchases will be made in accordance with the Greek and ΕU legislation on buy-back programs, as in force.

This announcement is published Regulated Information in accordance with Law 3556/2007 [article 3 paragraph 1(f) and article 21], Law 3340/2005 and the relevant Decisions of the Hellenic Capital Market Commission.