Ote Ads Regulatory News (OTES)

εxtraORDINARY general meeting of shareholders

ATHENS, Greece - December 30, 2013 - Hellenic Telecommunications Organization SA (ASE: HTO, OTC MARKET: HLTOY), the Greek full-service telecommunications provider, today held its Extraordinary General Meeting of Shareholders, during which 66.38% of its Shareholders were present.

During the meeting, the Items of the Agenda were discussed and the majority of Shareholders approved:

1. The coverage of domestic travel / sojourn expenses of Board members for their attendance at the meetings of the Board and its Committees.

2. The granting by the General Shareholders' Meeting special permission, pursuant to article 23a of C.L.2190/1920, for entering into the separate agreements ("Service Arrangements") between OTE S.A. and OTE Group companies on the one hand and Deutsche Telecom AG (DTAG) and Telekom Deutschland GmbH (TD GmbH) on the other hand for the rendering for year 2014 of specific services within the framework of the approved "Framework Cooperation and Service Agreement" and the relevant powers were assigned.

3. The amendment of Independent Services Agreement of an Executive Board member.

4. The capitalization of tax-free reserves from non-taxable profits of previous years, according to L.4172/2013, by increasing the nominal value of OTE S.A. share at the amount of € 0,44.

5. The amendment of article 5 (Share Capital) of the OTE S.A. Articles of Incorporation, due to capitalization of tax-free reserves.

It was also announced that the Company's Board of Directors has elected Messers Stylianos Petsas (Non-executive), Christos Kastoris (Independent, Non-executive member), Theodoros Matalas (Independent, Non-executive member), Leonidas Filippopoulos (Independent, Non-executive member) and Nikolaos Karavitis (Non-executive member), in replacement of the resigned members Messers Nikolaos Karamouzis (Non-Executive), Dimitrios Tzouganatos (Independent, Non-executive member), Michail Bletsas (Independent, Non-executive member), Vassilios Fourlis (Independent, Non-executive member), and Efstathios Anestis (Non Executive member) respectively, for the rest of their tenure, namely until the Ordinary General Assembly of Shareholders to be held in the year 2015.

The Shareholders Meeting, following proposal of the Shareholder Hellenic Republic, has approved by majority of votes the appointment of Mr. Nikolaos Karavitis as Independent-Non Executive Member of the Board of Directors.

Finally, the Extraordinary General Meeting, in order the number of the 3-member Audit Committee to be completed, has appointed as new members Messers Christos Kastoris and Nikolaos Karavitis. The Audit Committee now comprises of the Independent- Non executive members of the Board, Messers P. Tabourlos, (Chairman of the Committee), Christos Kastoris and Nikolaos Karavitis.

Contacts:

Dimitris Tzelepis - Head of Investor Relations

Tel: +30 210 611 1574, Email: dtzelepis@ote.gr

Maria Kountouri - Assistant to the Head of Investor Relations

Tel: +30 210 611 5381, Email: mkountouri@ote.gr

Kostas Maselis - Senior Financial Analyst, Investor Relations

Tel: + 30 210 611 7593, Email: kmaselis@ote.gr

Christina Hadjigeorgiou - Financial Analyst, Investor Relations

Tel: +30 210 611 1428, Email: cchatzigeo@ote.gr 

Sofia Ziavra - Financial Analyst, Investor Relations

Tel: + 30 210 611 8190, Email: sziavra@ote.gr

Daria Kozanoglou - Senior Communications & Regulatory Affairs Officer,

Investor Relations

Tel: +30 210 611 1121, Email: nkozanoglou@ote.gr

Eftychia Tourna - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 7236, Email:etourna@ote.gr

Eleni Agoglossaki - Communications & Regulatory Affairs Officer, Investor Relations

Tel: +30 210 611 7880, Email: eagoglossak@ote.gr