Following press articles regarding the company's interest to extend its participation in RomTelecom, OTE announces the following :

OTE is interested in increasing its participation in the segments of the Romanian Telecommunications market that have higher growth prospects. OTE currently evaluates a number of options, in line with its international strategy of focusing on mobile operations.

Romania, with population of 24 million, has low telecommunication penetration rate in fixed and mobile telephony and therefore significant growth prospects.

OTE, currently holds a 35% share in RomTelecom plus 16% voting rights and indirectly in CosmoRom, RomTelecom's mobile telephony fully owned subsidiary.