Ote Ads Regulatory News (OTES)

EXTRAORDINARY GENERAL MEETING OF SHAREHOLDERS

ATHENS, Greece - October 19, 2016 - Hellenic Telecommunications Organization SA (ASE: HTO, OTC MARKET: HLTOY), the Greek full-service telecommunications provider (hereinafter "OTE" or "OTE S.A."), held today its Extraordinary General Meeting of Shareholders, during which shareholders representing 76.8% of its paid up share capital were present.

The EGM discussed and approved all items of the Agenda by majority. In particular, the EGM granted its special permission, pursuant to article 23a of the C.L.2190/1920:

· For the entering into the following agreements: (A) a Framework Cooperation and Service Agreement and the relevant Service Arrangement for the provision by OTE S.A. to "Deutsche Telekom Pan-Net S.R.O." ("Pan-Net Slovakia") of services related to the deployment and support of (VoXX) services, (B) a Framework Agreement for the provision by "Deutsche Telekom Europe Holding GmbH" ("DTEH") to "COSMOTE Mobile Telecommunications S.A." ("COSMOTE") of (VoXX) services, and (C) a Service Agreement for the provision of co-location by "COSMOTE Mobile Telecommunications S.A." ("COSMOTE") to "Deutsche Telekom Pan-Net Greece EPE" ("Pan-Net Greece") related to (VoXX) services.

· For the amendment of the brand license agreement between "Telekom Romania Mobile Communications S.A. ("Licensee") and "Deutsche Telekom AG" ("Licensor").

FOR FURTHER INFORMATION: