Draft modifications of the Articles of Association

 Draft modifications of the Articles of Association

ATHENS, Greece - December 3, 2012 - Hellenic Telecommunications Organization SA (ASE: HTO, OTC MARKET:HLTOY), the Greek full-service telecommunications provider, informs its shareholders that in accordance with §2 art. 19 of Law 3556/2007 and ahead of the Extraordinary General Meeting of shareholders, which will take place on Thursday, December 20 2012 at 12:00, at the headquarters of the company (Kifisias 99, Marousi), that it intends to amend article 2 (Object) of its Articles of Association, as follows:

1.) Amendment of item (j) of paragraph 1 of the said article, as follows:

j) The provision of any audiovisual media service (indicatively television advertising, sponsorship, teleshopping and product placement) and radio service, the provision of any service related to these activities, using any means, mode and transmission technology (without limitation broadband, wireless, digital terrestrial, satellite, fiber or radio), the broadcasting, re-broadcasting, production and distribution of any audiovisual content, as well as the production manufacturing, sourcing, marketing and distribution of any electronic equipment, product and service relating to the supply development, operation and disposal of the said services.

2) Addition of a new item (l) at the end of paragraph 1 of the said article, as follows:

l) The provision of consulting services or any other services with respect to their operation, to any affiliated companies of the Company, within the meaning of Article 42e § 5 of Codified Law 2190/1920, operating in Greece or abroad.

The draft of amendment of the articles of incorporation is available in electronic form on Athens Exchange S.A. website (www.ase.gr) and also on the Company's website (http://www.ote.gr/portal/page/portal/InvestorRelation/InvestorRelation).

OTE Group is Greece's leading telecommunications organization and one of the pre-eminent players in Southeastern Europe, providing top-quality products and services to its customers.

Apart from serving as a full service telecommunications group in the Greek telecoms market, OTE Group has also expanded during the last decade its geographical footprint throughout South East Europe, having acquired a stake in the incumbent telecommunications company of Romania and establishing mobile operations in Albania, Bulgaria and Romania. At present, companies in which OTE Group has an equity interest employ more than 29,000 people in four countries, and our portfolio of solutions ranges from fixed and mobile telephony to Internet applications, satellite, maritime communications and consultancy services.

Listed on the Athens Stock Exchange, the company trades under the ticker HTO. Following OTE's delisting from NYSE, OTE ADSs (American Depositary Shares) trade in the OTC (Over The Counter) market under the ticker HLTOY.

Additional Information is also available on:

http://www.ote.gr/portal/page/portal/InvestorRelation/InvestorRelation

Contacts:

OTE: Dimitris Tzelepis - Head of Investor Relations

Tel: +30 210 611 1574, Email: [email protected] 

Maria Kountouri - Assistant to the Head of Investor Relations

Tel: +30 210 611 5381, Email: [email protected] 

Kostas Maselis - Senior Financial Analyst, Investor Relations

Tel: +30 210 611 7593, Email: [email protected]

Sofia Ziavra - Financial Analyst, Investor Relations

Tel: +30 210 611 8190, Email: [email protected]

Christina Hadjigeorgiou - Financial Analyst, Investor Relations

Tel: +30 210 611 1428, Email: [email protected]

Daria Kozanoglou - Senior Communications & Regulatory Affairs Officer,

Investor Relations

Tel: +30 210 611 1121, Email: [email protected]

Eftychia Tourna - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 7236, Email:[email protected]

Eleni Agoglossaki - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 7880, Email: [email protected]

Manousos Apostolakis - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 6418, Email: [email protected]