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HELLENIC TELECOM S.A.

ANNOUNCEMENT

April 9, 2008

The Hellenic Telecommunications Organization SA (OTE SA), in accordance with Law 3461/2006 (Article 27), announces that:

OTE SA holds 100% of Cosmote SA shares and the corresponding voting rights following the conclusion of the sell-out and squeeze-out period, in the context of the Voluntary Public Tender Offer by OTE SA for the purchase of all the common shares of Cosmote SA.



For further information, please contact: Mr. Dimitris Tzelepis, Head of Investor Relations, Tel: +30 210 611 1574, Fax: +30 210 6111030.

Distributed by Capital Link Inc. in New York at (212) 661-7566. (Nicolas Bornozis, President) This information can be also accessed on Hellenic Telecommunication Organization's website at www.ote.gr or on Capital Link website at www.capitallink.com with historical company news.


     




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