Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, states that the document published in the media on 13/1/2005 as an 'OTE announcement' is an internal note provided to the unions as a framework for negotiations regarding the personnel reduction plan. It is a preliminary document, and the figures it contains are consistent with targets that have been communicated by OTE recently. The document contains working assumptions, in particular regarding Greek fixed-line estimated Earnings Before Tax for 2004, that are calculated according to Greek GAAP and therefore are not directly comparable with OTE financial releases, which are based in US GAAP figures. Negotiations are proceeding and OTE will communicate officially when decisions will have been finalized and approved.