Transfer of own shares

Athens,November 10,2014 -

The company"Hellenic Telecommunications Organization S.A." (OTE S.A. or Company), announces that, on 7/11/2014 has proceeded with the transfer (Over the Counter- OTC) of 84,169 own shares, representing 0.01717208% of the Company's paid-up share capital, to 21 beneficiaries of the approved, by the General Meeting of the Company's Shareholders, "Stock Option Plan" due to the exercise of equal number of Vested Rights, as follows:

· 10,610 own shares at the price of €4.77 per share

· 73,559 own shares at the price of €5.635 per share

Τhe total value of this transaction stood at €465,114.67

Following this transaction, the Company holds today 1,369,951 own shares.

This announcement is published in accordance with Law 3556/2007, the Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission, articles 10 and 13 of Law 3340/2005 and the Decision 3/347/12.07.2005 of the Hellenic Capital Market Commission.

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