Αthens, July 10, 2009 - Hellenic Telecommunications Organization SA (OTE SA) announces that Mr Rainer Rathgeber was appointed as new Member of the COSMOTE Board of Directors.

Short CV of Mr Rathgeber

Mr. Rainer Rathgeber, born in 1964, joined Deutsche Telekom Group in 2002. Currently he is T-Mobile Hrvatski CEO as well as COO Mobile of Telekom Hrvatski Board. Prior to joining the Group, he had worked for prominent consulting firms, such as A.T. Kearney and Roland Berger in Germany and Latin America. Mr. Rathgeber holds a Masters degree in economics from the University in Passau, Germany.

Following the appointment of the new member, the new Board of Directors comprises as follows:

1. Vourloumis Panagis Chairman, Non executive member

2. Apostolides Konstantinos Vice Chairman, Independent Non executive member

3. Tsamaz Michael Chief Executive Officer

4. Aivazis Iordanis Non executive member

5. Vezanis Ioannis Independent Non executive member

6. Ioannidis Georgios Non executive member

7. Mavrakis Georgios Non executive member

8. Copp Kevin Non executive member

9. Rathgeber Rainer Non executive member