Athens, April 29, 2013 – The Hellenic Telecommunications Organization SA (OTE SA), announces that in the framework of the implementation of the approved, by the General Meeting of Shareholders, Stock Option Plan for executives of the Company and its subsidiaries in Greece and abroad, OTE SA intends to buyback own shares during the period from 29.04.2013 to 13.05.2013. According to the 23.06.2011 resolution of the General Meeting of Shareholders and the nr 870050/29-04-2013 CEO's decision, OTE will purchase up to 505,390 shares, depending on the number of the exercised by the beneficiaries vested rights, namely about 0,103% of the outstanding issued share capital of the Company, at a maximum purchase price of 10€ per share and a minimum purchase price of 3€ per share.

The purchases will be made in accordance with the terms of Regulation 2273/2003 of the Commission of the European Communities and will not exceed 25% of the average daily trading volume of the shares.

This announcement is published in accordance with Law 3556/2007, the Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission, the article 13 of Law 3340/2005 and the Decision 3/347/12.07.2005 of the Hellenic Capital Market Commission.

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