Purchase of cosmote shares

4 Oct 2007 09:51

Hellenic Telecomms Organization S A04 October 2007 Announcement Athens, September 28, 2007 - The Hellenic Telecommunications Organization SA (OTE SA), announces that: As part of its legal obligations, Cosmote SA has submitted to the HellenicCapital Markets Commission notifications of purchases of 53,000 Cosmote sharesfor €1,266,968, on September 25, 2007 and of 416,072 Cosmote shares for€9,944,121, on September 27, 2007 by its parent company IOA SA. According to applicable law, the legal representative of OTE SA is obliged tonotify the issuer of the shares (Cosmote SA) of the aforementioned transactionsin due time. OTE SA proceeded with the purchase of Cosmote shares as a means to retain itsconstitutional majority participation in its subsidiary's share capitalfollowing the share capital increase that will take place as a result of theannual exercise of stock options by Cosmote employees. INVESTOR RELATIONSOel. +0030 210-611-1574/7593/1121E-mail: dtzelepis@ote.grFax: +0030 210-6111030 This information is provided by RNS The company news service from the London Stock Exchange