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HELLENIC TELECOM S.A.

Announcement about ex-dividend date and dividend payment

June 27, 2008

Αthens, June 27, 2008 - The Board of Directors of OTE SA informs its shareholders that, pursuant to the decision of the company's Annual General Assembly of June 26, 2008, the dividend for fiscal year 2007 amounts to euro 367,612,791.75 or euro 0.75 per share. The ex-dividend date will be July 1st, 2008. Dividend payment will commence on Tuesday, July 8, 2008.



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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