Information for dividend distribution

DIVIDEND distribution

Athens, August 3, 2015 - The Hellenic Telecommunications Organization SA (OTE SA or Company) following its announcement dated June 30th 2015, regarding the postponement of the dividend payment for year 2014, informs the investors' community that the payment of 2014 dividend will take place on August 5, 2015.

Pursuant to the Resolution of the Company's Ordinary Shareholders General Meeting held on June 12th, 2015, the dividend for year 2014 amounts to €0.08 per share. The dividend is subject to a 10% withholding tax, in accordance with applicable tax law provisions (art. 40 & 64 of Law 4172/2013) with the exception of, or differentiation, of such withholding for shareholders falling under special provisions. Therefore, the net amount of dividend which will be paid to Shareholders will be €0.072 per share.

Compared to the initially scheduled payment day, the beneficiaries of the dividend remain the same, namely the Company's Shareholders registered with the records of the Dematerialized Securities System of "HELLENIC EXCHANGES S.A. HOLDING, CLEARING, SETTLEMENT & REGISTRY (HELEX)" on Friday June 26, 2015 (Record Date).

It is noted that according to the provisions of art.1, par. 11f of the Legislative Decree (N.G. 84/18-7-2015), to the extent applicable hereto, the dividend payment will be totally funded by Company funds originating from abroad.

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

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

2. PIRAEUS BANK branch network, for those Shareholders that have requested 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. As of August 11th, 2015, through PIRAEUS BANK branch network, for any Shareholders that cannot receive the dividend through their operators, for various reasons.

The dividend payment, under cases 2 and 3 above, will be effected within the framework of provisions restricting cash withdrawals and movement of capital, as applicable from time to time, by presenting the Shareholder's Identity Card or Passport, Tax Registration Number and Dematerialized Securities System number, while 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 & Tax Registration 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: