Information for dividend distribution

DIVIDEND distribution

Αthens, June 15, 2015 -Hellenic Telecommunications Organization SA (OTE S.A. or Company) informs its shareholders that, pursuant to the Resolution of the Company's Ordinary General Meeting of Shareholders of June 12th, 2015, the dividend for fiscal year 2014 amounts to €0.08 per share. The dividend is subject to a 10% withholding tax, in accordance with the applicable tax law provisions (art. 40 & 64 of Law 4172/2013). Therefore, the net amount of dividend which will be paid to Shareholders will be €0.072 per share.

On Thursday, June 25, 2015 the Company's shares will be traded without the 2014 dividend right.

Based on the record date rule, beneficiaries to the dividend are the registered Shareholders in the Dematerialized Securities System (managed by the Hellenic Exchanges S.A.) on Friday, June 26, 2015 (Record Date). Dividend distribution will begin on Thursday, July 2, 2015.

The payment of the dividend will be conducted by BANK of PIRAEUS, through:

1. The operators of the Dematerialized Securities System and according to the distribution process, as defined in section 4.1.3.4 of the Athens Exchange Regulation and section 39 of the Dematerialized Securities System's Regulation.

2. The branch network of BANK of PIRAEUS, for Shareholders that have asked for the exclusion of their operator in the Dematerialized Securities System or for the Shareholders whose shares are kept in the Special Account of the Hellenic Exchanges.

3. The branch network of BANK of PIRAEUS from Wednesday, July 8, 2015, for Shareholders that cannot receive the dividend through their operators, for various reasons.

The dividend payment, in the cases 2 and 3, will be executed via the submission of the Shareholder's Identity Card or Passport, while the payment to a third person can only be effected through the presentation of an authorization duly certified by the Police or another Public Authority, which shall include the full details of the Shareholder as well as of the authorized person (full name, father's name, Identity or Passport number & VAT number).

For any further Information, the Shareholders may contact the Shareholders Service and Registry Department, tel.: +30 210 6332342, 210 3243523, 210 3243638, e-mail: metoxologio@ote.gr.

Any dividends that will not be collected within 5 years, lapse in favour of the Hellenic State.

Contacts:

Evrikos Sarsentis - Head of OTE Group Mergers, Acquisitions and Investor RelationsTel: +30 210 611 1574, Email: esarsentis@ote.grMaria Tsavdaridou - Assistant to the Head of OTE Group Mergers, Acquisitions and Investor RelationsTel: +30 210 611 5036, Email: mtsavdaridou@ote.grKostas Maselis - Deputy Director, Investor RelationsTel: + 30 210 611 7593, Email: kmaselis@ote.grSofia Ziavra - Senior Financial Analyst, Investor RelationsTel: + 30 210 611 8190, Email: sziavra@ote.grChristina Hadjigeorgiou, - Senior Financial Analyst, Investor RelationsTel: + 30 210 611 1428, Email: cchatzigeo@ote.grManousos Apostolakis - Communications & Regulatory Affairs Officer, OTE Group Mergers, Acquisitions and Investor RelationsTel: +30 210 611 6418, Email: mapostolakis@ote.gr

Maria Delenika - Communications & Regulatory Affairs Officer, OTE Group Mergers, Acquisitions and Investor RelationsTel: +30 210 617 7981, Email: mdelenika@cosmote.gr