Αthens, June 24, 2016 – Hellenic Telecommunications Organization SA (OTE S.A. or Company) announces pursuant to article 4.1.3.4 of the Athens Exchange Regulation, that  the Company's Ordinary General Meeting of Shareholders of June 23^rd, 2016, approved the distribution of dividend amounting to €0.10 per share. The dividend is subject to a 10% withholding tax, in accordance with the applicable tax law provisions (art. 40 & 64 of Law 4172/2013 as in effect) with the exception or differentiation of such withholding for shareholders falling under special provisions. Therefore, the net amount of dividend which will be paid to Shareholders will be €0.09 per share.

On Wednesday, June 29^th, 2016 the Company's shares will trade ex-dividend.

Beneficiaries of the said dividend are the Shareholders registered in the Dematerialized Securities System (of the company “HELLENIC EXCHANGES S.A. HOLDING, CLEARING, SETTLEMENT & REGISTRY (HELEX)” on Thursday June 30^th, 2016 (Record Date). Payment of the dividend will commence on Wednesday, July 6^th 2016.

The payment of the dividend will be conducted by PIRAEUS BANK as follows:

1. Through the operators of the Dematerialized Securities System and according to the distribution process defined in section 4.1.3.4 of the Athens Exchange Regulation and section 39 of the Dematerialized Securities System's Regulation, for the Shareholders who have authorized their operators to collect dividend on their behalf.

For the Shareholders that the payment of the dividend through the operators could not take place for any reason, dividend will be paid through the branch network of PIRAEUS BANK, as of July 12^th 2016.

 2. Through the branch network of PIRAEUS BANK for Shareholders who have not authorized their operators to collect dividend on their behalf; or have revoked the authorization granted to their operators; or for Shareholders whose shares are kept in the Athens Exchange Special Account.

In order to collect their dividend through the PIRAEUS Bank's branches, Shareholders need to present their identification card. Payment to a third person is possible only if the person collecting, presents a letter of proxy signed and with an authenticity certification by police or other relevant authority, including both the collector's as well as the beneficiary Shareholder's  full details (full name, father's name, Identity or Passport number & Tax Registration Number).

For any further Information, the Shareholders may contact the Shareholders Service and Registry Department, tel.: +30 210 6332342, 210 3243523, 210 3243638, e-mail: metoxologio@ote.gr.    

The dividend payment, will be carried out within the framework of the applicable provisions restricting cash withdrawals and movement of capital, as each time in effect.  

Any dividends that will not be collected within 5 years, will be written off in favor of the Hellenic State.

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