transfer of own shares

Athens, Νοvember 14, 2016 - The company "Hellenic Telecommunications Organization S.A." (OTE S.A. or Company), announces that, on 11/11/2016, the Company has proceeded with the transfer (Over the Counter- OTC) of 41,150 own shares (out of which 6,000 at the price of €4.49 per share, 17,650 at the price of €4.77 per share and 17,500 at the price of €5.635 per share), representing 0.0084% of the Company's paid-up share capital, to four (4) beneficiaries of the approved, by the General Meeting of the Company's Shareholders, "Stock Option Plan" due to the exercise of equal number of Vested Rights. Τhe total value of this transaction stood at €209,743. Following this transaction, the Company holds today 1,320,110 own shares.

The announcement is issued as Regulated Information, in accordance with Law 3556/2007, [article 3, par. 1 (f), (bb), and article 21], Regulation No 596/2014 of the European Parliament and of the Council on market abuse and the relevant Decisions of the Hellenic Capital Market Commission.

The OTE Group is the largest telecommunications provider in the Greek market and one of the leading telecom groups in Southeast Europe with presence in Greece, Romania and Albania. OTE is among the largest listed companies, with respect to market capitalization, in the Athens Stock Exchange.

OTE Group offers the full range of telecommunications services: from fixed-line and mobile telephony, broadband services, to pay television and ICT solutions. In addition to its core telecommunications activities, the Group is also involved in maritime communications, real-estate and professional training.

Additional Information is also available on https://www.cosmote.gr.

Contacts:

Evrikos Sarsentis - Head of Mergers, Acquisitions and Investor Relations

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

Kostas Maselis - Deputy Director, Investor Relations

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

Sofia Ziavra - Financial Analysis Manager, Investor Relations

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

Christina Hadjigeorgiou - Senior Financial Analyst, Investor Relations

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

Maria Delenika - Communications & Regulatory Affairs Officer, Investor Relations Tel: +30 210 617 7981, Email: [email protected]