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HELLENIC TELECOM S.A.

Announcement

August 4, 2009

The Greek full-service telecommunications provider OTE SA announces that its subsidiary Hellas Sat signed an agreement with the Hellenic Republic for the provision of satellite TV services (Direct To Home, DTH).

With this license OTE Group may now provide pay-TV services through a satellite, offering thereby more choices to Greek customers. It should be noted that OTE Group already provides satellite TV services in Romania, via its product offering "Dolce" which was launched by its local subsidiary, RomTelecom and supported by the satellite Hellas Sat 2. Hellas Sat also works with the popular Bulgarian satellite platform, Bulsatcom, for the transmission of its TV programs, including high definition TV content (HDTV).



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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