Αthens, January 16, 2013 – 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:

Its subsidiary OTE plc concluded under the GMTN Programme a private bond exchange agreement by which it will exchange €187 mn of the August 2013 Notes (ISIN XS0173549659) with  a further issue of €187.7 mn Notes maturing in February 2015. The new notes will be listed on the Luxembourg Stock Exchange once required procedures are completed and are subsequently expected to be consolidated with the existing €600 mn Notes issued in February 2008, maturing in February 2015 with current coupon 7.25% (ISIN XS0346402463). The repurchased €187 mn August 2013 notes will be cancelled.