Ote Ads Regulatory News (OTES)

Αthens, January 29, 2013 - The Hellenic Telecommunications Organization SA (OTE SA), in accordance with Law 3556/2007, 1/434/03.07.2007 Decision of the Hellenic Capital Market Commission, article 13 of Law 3340/2005 and 3/347/12.07.2005 Decision of the Hellenic Capital Market Commission, announces today that:

It intends to issue under the Global Medium Term Note Programme a new five-year Eurobond with fixed interest. At the same time OTE announces a tender offer for its existing bond issues maturing in August 2013 and April 2014, at prices of 100% and 102% respectively. The total amount of bonds to be bought back will be determined within the next days and will depend on the successful completion of the new bond issue. It is noted that the above transactions will be effected by OTE's subsidiary OTE PLC.

The tender offer or any other documents or materials relating to the tender offer are not being made, directly or indirectly, to the public in the Hellenic Republic (Greece). None of this announcement, the tender offer and any other documents or materials relating to the tender offer constitute a "public offer" (dimossia prosfora), within the meaning of Greek Law 3401/2005, or a "tender offer" (dimossia protassi), within the meaning of Greek Law 3461/2006, for the purchase, sale or exchange of, or otherwise for an investment in, securities in the territory of Greece. Accordingly, neither this tender offer nor any other documents or materials relating to the tender offer have or will be submitted to the Hellenic Capital Market Commission for approval pursuant to such laws. The tender offer and any other documents or materials relating to the tender offer may only be distributed, delivered or otherwise made available in the Greek territory to "qualified investors" (eidikoi ependytes), as defined in article 2 of Greek Law 3401/2005 acting on their own account or on the account of their clients who are themselves qualified investors.

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E-mail: dtzelepis@ote.gr

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