Ote Ads Regulatory News (OTES)

10 Jul 2009 15:06

HELLENIC TELECOMMUNICATIONS ORGANIZATION S.A.

Announcement

REPEATED GENERAL ASSEMBLY OF SHAREHOLDERS

ATHENS, Greece -July 10, 2009 - Hellenic Telecommunications Organization SA

(ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, today held its Repeated 57th Ordinary General Assembly of Shareholders, in accordance with the invitation that had been published on 26/6/2009 and in line with the provisions of the Law and OTE's Articles of Incorporation. During the meeting, shareholders representing 58,19% of the company's registered share capital were present (in person or via representative).

In the meeting the following was discussed and approved:

Amendment of the terms of the Stock Option Plan for executives of the Company and affiliated companies, according to article 42e of the Codified Law 2190/1920.

About OTE

OTE Group is Greece's leading telecommunications organization and one of the pre-eminent players in Southeastern Europe, providing top-quality products and services to its customers.

Apart from serving as a full service telecommunications group in the Greek telecoms market, OTE Group has also expanded during the last decade its geographical footprint throughout South East Europe, acquiring stakes in the incumbent telecommunications companies of Romania and Serbia, and establishing mobile operations in Albania, Bulgaria and Romania. At present, companies in which OTE Group has an equity interest employ over 30,000 people in five countries, and our portfolio of solutions ranges from fixed and mobile telephony to Internet applications, satellite, maritime communications and consultancy services.

Listed on the Athens Stock Exchange, the company trades under the ticker HTO as well as on the New York Stock Exchange under the ticker OTE. In the U.S., OTE's American Depository Receipts (ADR's) represents ½ ordinary share.

Additional Information is also available on http://www.ote.gr.

Forward-looking statement

Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect the Company's future financial results are discussed more fully in the Company's filings with the U.S. Securities and Exchange Commission (the "SEC"), including the Company's Annual Report on Form 20-F for 2008 filed with the SEC on June 30, 2009. OTE assumes no obligation to update information in this release.