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Product Launch

6th Sep 2007 08:57

Hellenic Telecomms Organization S A06 September 2007 HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A. Announcement OTE ANNOUNCES NEW RETAIL PACKAGES AND SERVICES Athens, September 5, 2007 - Hellenic Telecommunications Organization SA (ASE:HTO, NYSE: OTE), the Greek full-service telecommunications provider, todayannounces the introduction of new retail packages, available from September 12,2007, as well as new services to be launched in October 2007. • In fixed-line, OTE will be offering unlimited local and nationallong-distance calls through three service packages, "OTE talk 24/7", "OTE talkNight & Week-end", "OTE talk 1,2,3" for a monthly fee of €16, €7.30 and €3respectively. Furthermore, two additional flat-rate packages "OTE 120" (120minutes of calls for €3.57 per month) and "OTE 240" (240 minutes of calls for€6.95 per month) will enhance the existing retail services portfolio and offersavings of up to 10.8% in local and national long-distance calls. • Four new packages "OTE Mobile 30, 60, 120, 240" will offerfixed-to-mobile calls at the attractive rates of €4.50, €8.50, €16.90 and €32.90respectively, while discounts on International Calls, offered through thepackages "OTE options International calls" may reach 50% from 35% currentlyoffered. Additionally, OTE is introducing a text messaging service (SMS) forfixed-line numbers. • Business customers may enjoy the new conn-x@work plus package whichcombines voice and data services at multiple locations, as well as a newintegrated VoIP IP VPN service which offers free calls within a specific (VPN)network and competitive rates for calls outside the network. • Finally, OTE is introducing an integrated service combining fixed-line,broadband and mobile telephony. The new package "OTE All in One", offers retailcustomers always-on broadband, unlimited fixed-to-fixed calls and a Cosmotepost-paid subscription, all in a single monthly bill. The "OTE All in One"package will be effective in October 2007. Commenting on the new service offerings, Mr. Panagis Vourloumis, Chairman andCEO, noted: "We are continuing to launch competitive and innovative products tobetter meet our customers' needs and overcome tough market conditions in Greekfixed-line. The products and services we announced today are expected to furtherenhance our service offerings in telephony as well as broadband." About OTE OTE Group is Greece's leading telecommunications organization and one of thepre-eminent players in South-eastern Europe, providing top-quality products andservices to its customers. Apart from serving as a full service telecommunications group in the Greektelecoms market, OTE Group has also expanded during the last decade itsgeographical footprint throughout South East Europe, acquiring stakes in theincumbent telecommunications companies of Romania and Serbia, and establishingmobile operations in Albania, Bulgaria, the Former Yugoslav Republic ofMacedonia and Romania. At present, companies in which OTE Group has an equityinterest employ over 30,000 people in six countries, and our portfolio ofsolutions 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 aswell as on the New York Stock Exchange under the ticker OTE. In the U.S., OTE'sAmerican Depository Receipts (ADR's) represents 1/2 ordinary share. Additional Information is also available on http://www.ote.gr. Contacts: OTE: Dimitris Tzelepis - Head of Investor RelationsTel: +30 210 611 1574, Email: [email protected] Papagiannakopoulos-Senior Financial Analyst, Investor RelationsTel: +30 210 611 7593, Email: [email protected] Kozanoglou - Communications Officer, Investor RelationsTel: +30 210 611 1121, Email: [email protected] Marilee Diamanti - IR CoordinatorTel: +30 210 611 5070, Email: [email protected] Hadjigeorgiou - Financial AnalystTel: +30 210 611 1428, Email: [email protected] Forward-looking statement Any statements contained in this document that are not historical facts areforward-looking statements as defined in the U.S. Private Securities LitigationReform Act of 1995. All forward-looking statements are subject to various risksand uncertainties that could cause actual results to differ materially fromexpectations. The factors that could affect the Company's future financialresults are discussed more fully in the Company's filings with the U.S.Securities and Exchange Commission (the "SEC"), including the Company's AnnualReport on Form 20-F for 2006 filed with the SEC on June 28, 2007. OTE assumes noobligation to update information in this release. This information is provided by RNS The company news service from the London Stock Exchange

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