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HELLENIC TELECOM S.A.

REPEATED FIFTY-SIXTH (56th) ORDINARY GENERAL ASSEMBLY OF SHAREHOLDERS

July 9, 2008

Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, today held its Repeated 56th Ordinary General Assembly, during which, shareholders representing 57.70% of its registered share capital were present. During the meeting, shareholders approved the following:

Adoption of a stock option plan for executives of the Company and affiliated companies, according to article 42ε of the Codified Law 2190/1920.



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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