Result of AGM

ISSUES

ITEM No 1:

Approval of the Financial Statements of OTE S.A. in accordance with the International Financial Reporting Standards (both Annual and Consolidated) of the fiscal year 2018 (1/1/2018-31/12/2018), with the relevant Reports of the Board of Directors and the Auditors and approval of the annual profits' distribution.

ITEM No 2:

Approval, according to article 108 of Law 4548/2018, of the overall management of the Company by the Board of Directors during the fiscal year 2018 (1/1/2018-31/12/2018) and exoneration of the Auditors for the fiscal year 2018 (1/1/2018-31/12/2018), pursuant to article 117 par. 1c of Law 4548/2018.

ITEM No 3:

Appointment of an Audit Firm for the statutory audit of the Financial Statements (both Separate and Consolidated) of OTE S.A., in accordance with the International Financial Reporting Standards, for the fiscal year 2019 (1/1/2019-31/12/2019).

ITEM No 4:

Approval of the remuneration, compensation and expenses of the members of the Board of Directors and its Committees for the fiscal year 2018 (1/1/2018-31/12/2018), determination of the remuneration and expenses for the fiscal year 2019 (1/1/2019-31/12/2019) and pre-approval for their payment until the Ordinary General Meeting of the Shareholders which will take place within 2020.

ITEM No 5:

Granting of a special permission, according to articles 97 par.3, 99 par.1,2 and 100 par.2 of Law 4548/2018, for the continuation for the period 31/12/2019 until 31/12/2020 of the insurance coverage of Directors & Officers of OTE S.A. and its affiliated companies, against liabilities incurred in the exercise of their competences, duties and powers.

ITEM No 6:

Election of a new Independent non-executive member of the Board of Directors, pursuant to article 4 of Law 3016/2002, as in force, in replacement of resigned Independent non-executive member.

ITEM No 7:

Election of a member of the Audit Committee, pursuant to article 44 of Law 4449/2017.

ITEM No 8:

Miscellaneous announcements.

REPRESENTED SHAREHOLDERS

TOTAL NUMBER OF SHARES

OWN SHARES

TOTAL NUMBER OF VOTING RIGHTS (ACCORDING TO THE LAW, THE OWN SHARES HAVE NOT VOTING RIGHTS)

TOTAL NUMBER OF REPRESENTED SHAREHOLDERS

TOTAL NUMBER OF VOTES OF REPRESENTED SHAREHOLDERS

TOTAL NUMBER OF VOTES OF REPRESENTED SHAREHOLDERS AS PERCENTAGE OF THE TOTAL NUMBER OF SHARES (AS PERCENTAGE OF THE TOTAL OF SHARE CAPITAL / QUORUM)

479,939,319

3,652,535

476,286,784

694

381,448,196

79.48%

VOTING RESULTS

AGENDA ITEM (SUBJECT NUMBER)

NUMBER OF VALID VOTES OF REPRESENTED SHAREHOLDERS

VALID VOTES OF REPRESENTED SHAREHOLDERS AS PERCENTAGE OF TOTAL REPRESENTED VOTES

VALID VOTES OF REPRESENTED SHAREHOLDERS AS PERCENTAGE OF THE TOTAL NUMBER OF SHARES (AS PERCENTAGE OF THE TOTAL OF SHARE CAPITAL)

IN FAVOUR

AGAINST

ABSTAIN

IN FAVOUR

AGAINST

ABSTAIN

IN FAVOUR

AGAINST

ABSTAIN

1

379,730,007

205,535

1,512,654

99.550%

0.054%

0.397%

79.120%

0.043%

0.315%

2

377,738,608

2,196,484

1,513,104

99.027%

0.576%

0.397%

78.705%

0.458%

0.315%

3

381,201,278

241,414

5,504

99.935%

0.063%

0.001%

79.427%

0.050%

0.001%

4

352,015,876

19,608,014

9,824,306

92.284%

5.140%

2.576%

73.346%

4.086%

2.047%

5

379,398,092

537,450

1,512,654

99.463%

0.141%

0.397%

79.051%

0.112%

0.315%

6

The Shareholders proposed 2 candidate members for a new Independent non-executive member of the Board of Directors. The voting results have as follows:

6.1Eelco Blok

280,808,140

n/a

702,179

73.616%

n/a

0.184%

58.509%

n/a

0.146%

6.2Alberto Horcajo

97,895,551

n/a

702,179

25.664%

n/a

0.184%

20.397%

n/a

0.146%

7

The Shareholders proposed 2 candidate members for a member of the Audit Committee. On 7.1 & 7.2 issues were 5,451,263 invalid votes.The voting results have as follows:

7.1Eelco Blok

275,864,892

n/a

702,179

72.320%

n/a

0.184%

57.479%

n/a

0.146%

7.2Alberto Horcajo

97,949,297

n/a

702,179

25.678%

n/a

0.184%

20.409%

n/a

0.146%

8

MISCELLANEOUS ANNOUNCEMENTS (NON VOTABLE ITEM)

OTE GROUP INVESTOR RELATIONS

Konstantinos Krokos

Manager/ Department of Financial Communication & Relations with Regulatory Authorities

Τel. + 30 210-6111121

Fax: + 30 210-6111030

E-mail: [email protected]