OTE SA EGM Voting Results

ISSUES

ITEM No 1:

Approval of the Draft Demergers Agreement through Spin-Off of OTE S.A.'s business sectors of Customer Service, Shops and Technical Field Operations and their absorption by the OTE Group sociétés anonymes COSMOTE E-VALUE S.A., GERMANOS S.A. and COSMOTE TECHNICAL SERVICES S.A. (former OTEplus), respectively, in accordance with articles 54 par.3, 57 par.2, 58-73 and 83-87 of L.4601/2019), L.4548/2018, article 52 of L. 4172/2013 and legislative decree 1297/1972, with Accounting Statements dated 30.06.2020 - Appointment of representative of OTE S.A. to sign the Demergers Agreement notarial deed.

ITEM No 2:

Approval of the cancellation of nine million, nine hundred and sixty five thousand, nine hundred and fifty six (9,965,956) own shares purchased by the Company under the approved own share buy-back program in order to cancel them, with the corresponding reduction of its share capital by the amount of twenty eight million two hundred and three thousand six hundred and fifty five euro and forty eight cents (€28,203,655.48), according to article 49 of L.4548/2018 and the subsequent amendment of article 5 (Share Capital) of the Company's Articles of Incorporation

ITEM No 3:

Approval of the conclusion of a confidentiality agreement between OTE S.A. and "Ernst & Young (Greece) Certified Auditors SA" (EY) in the context of preparing the transition to a new statutory auditor for the fiscal year 2021.

ITEM No 4:

Granting of permission, according to article 98 par.1 of L.4548/2018 and article 14 of the Articles of Incorporation, to the Members of the Board of Directors and Officers to participate in boards of directors or in the management of OTE Group companies with the same or similar objectives.

ITEM No 5:

Decision following the temporary appointment by the Board of Directors (meeting No. 3116/29-6-2020) of the current non-executive member Mr. Dimitrios Georgoutsos as an Independent member, as per article 4 of L.3016/2002, in replacement of a resigned Independent non-executive member.

ITEM No 6:

Announcement of the election by the Board of Directors of a new non-executive member of the Board of Directors in replacement of a resigned non-executive member.

ITEM No7:

Miscellaneous announcements.

PRESENT & REPRESENTED SHAREHOLDERS

TOTAL NUMBER OF SHARES

OWN SHARES

TOTAL NUMBER OF SHARES WITH VOTING RIGHTS*

TOTAL NUMBER OF VALID VOTES

QUORUM

(AS PERCENTAGE OF VALID VOTES ON THE TOTAL NUMBER OF SHARES WITH VOTING RIGHTS*)

470,174,576

10,588,121

459,586,455

373,355,281

81.24%

VOTING RESULTS PER AGENDA ITEM

AGENDA ITEM (SUBJECT NUMBER)

QUORUM

(NUMBER OF VALID VOTES)

MAJORITY

(VALID VOTES ON QUORUM (%))

VALID VOTES ON THE TOTAL NUMBER OF SHARES WITH VOTING RIGHTS* (%)

IN FAVOUR

AGAINST

ABSTAIN

IN FAVOUR

AGAINST

ABSTAIN

IN FAVOUR

 AGAINST

ABSTAIN

1

353,199,076

120,742

20,035,463

94.60%

0.03%

5.37%

76.85%

0.03%

4.36%

2

373,169,380

120,742

65,159

99.95%

0.03%

0.02%

81.20%

0.03%

0.01%

3

373,184,539

120,742

50,000

99.95%

0.03%

0.01%

81.20%

0.03%

0.01%

4

373,184,539

120,742

50,000

99.95%

0.03%

0.01%

81.20%

0.03%

0.01%

5

371,478,299

859,779

1,017,203

99.50%

0.23%

0.27%

80.83%

0.19%

0.22%

6

NON VOTABLE ITEM