OTE RECEIVES BANK COMMITMENTS REGARDING THE EXTENSION

OF ITS €900 MN SYNDICATED BOND LOAN REVOLVING CREDIT FACILITY(RCF)

Αthens, November 9, 2012 – The Hellenic Telecommunications Organization SA (OTE SA), in accordance with Law 3556/2007, 1/434/03.07.2007 Decision of the Hellenic Capital Market Commission, article 13 of Law 3340/2005 and 3/347/12.07.2005 Decision of the Hellenic Capital Market Commission, announces that:

It has exercised the 1-year extension option embedded in its €900mn Syndicated Bond Loan RCF dated 9 February 2011, receiving commitments' extension consent of banks representing €500mn of the facility.

As a result, OTE will repay €400mn of the facility on February 11, 2013 whereas the €500mn extended balance will be repaid on February 11, 2014.

INVESTOR RELATIONS

Τel. +0030 210-611-1574

E-mail: dtzelepis@ote.gr

Fax: +0030 210-6111030