Comments on press articles

Hellenic Telecommunications Organization SA (ASE: HTO, NYSE: OTE), the Greek full-service telecommunications provider, in response to recent press articles, citing OTE''s dividend policy, states that any dividend payment, by OTE S.A. in 2007, from 2006 profits, requires a decision by the Company''s General Assembly, following a proposal by the Company''s Board of Directors. Such a development will be timely announced to the press.

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