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HELLENIC TELECOM S.A.

Announcement

September 4, 2009

The Greek full-service telecommunications provider OTE SA announces that as of September 7, 2009 Mrs Maria Rontogianni assumes the position of Chief Internal Audit Officer.

Mr Kosmas Liaros, who held the position of Chief Internal Audit Officer from 2007 to date, is leaving the company.

Short CV of Mrs Rontogianni

Mrs Maria Rontogianni holds a BA in Public Accounting and Marketing from Forham University, New York. She has worked in the auditing (in various industries), regulatory and consulting fields for fifteen years. She started off her carrier with the National Future Association, the independent regulatory authority for US time deposit transactions and options. She moved to investment banking, where she dealt with emerging markets, foreign exchange and goods market, as Vice President of JP Morgan (New York) and later on for the private bank JPM. Upon returning to Athens she worked as consultant for Andersen Consulting before assuming the position of Internal Auditor at Lamda Development (a member of the Latsis Group of companies), a listed company in the Athens Stock Exchange, which operates in the real estate market. At Lamda Development she monitored projects and procedures related to the development of the real estate market. During her last-held position (before OTE) as Chief Internal Audit and Revenues Assurance Officer at WIND Telecommunications, she headed the Internal Audit department and developed the procedures and tools necessary for Risk Management and Revenues Assurance. Throughout her carrier she has been involved with the recruitment and development of human resources.



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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