OTE Stock For Sale

ATHENS, Greece -- Hellenic Telecommunications Organization SA (ASE: HTO,NYSE: OTE), the Greek full-service telecommunications provider, has been informed that theHellenic Republic today announced a further step in its privatisation program through theplanned sale of common shares of OTE via an accelerated book build to international andGreek qualified investors via a private placement.The size of the offering is up to 52,446,092 common shares or 10.7% of the Company'soutstanding share capital. All the shares to be offered are existing shares listed on the AthensExchange and currently held by the Hellenic Republic.

OTE S.A.