Pursuant to the Law and the Articles of Incorporation and following resolution no 2836 of the Board of Directors, dated 24/06/2009 (agenda item 2), the Shareholders of the Hellenic Telecommunications Organization SA are hereby invited to the Repeated Fifty-Seventh (57th) Ordinary General Assembly of Shareholders, on July 10, 2009, at 16:30 hours, at the Company's headquarters (99, Kifissias Ave - Athens), in order to discuss and decide upon the following:

1. Amendment of the terms of the Stock Option Plan for executives of the Company and affiliated companies, according to article 42e of the Codified Law 2190/1920.

In the said Repeated Ordinary General Assembly, all Shareholders of the Company may participate, in person or by proxy. For this purpose:

- If the securities are registered in the shareholders' Special Accounts, blocking, in part or in full, of their securities should be requested by the Central Securities Depository. Upon the aforementioned blocking, the Central Securities Depository shall issue certificate confirming the blocking of securities and the capacity of shareholder entitled to participate in the general assembly. The certification should be submitted to the OTE Share Registration Office (1st floor, 15, Stadiou Street ? Athens) at least five (5) full days prior to the appointed date and time of the Ordinary General Assembly, along with the required documents for their representatives? legalisation.

- If the securities are not registered in a Special Account, Shareholders should request the blocking, in full or in part, of their securities by the Operator administering the Sub-Account in which the securities have been registered (according to Dematerialized Securities System). Upon the aforementioned blocking, the Central Securities Depository shall issue certificate confirming the blocking of securities and the capacity of shareholder entitled to participate in the general assembly. The certification should be submitted to the OTE Share Registration Office (1st floor, 15, Stadiou Street - Athens) at least five (5) full days prior to the appointed date and time of the General Assembly, along with the required documents for their representatives? legalisation.