OTE announces that it will hold an Extraordinary General Meeting, on Thursday, December 23^rd 2010, at 16:00 hours, at the company’s headquarters (99, Kifissias Ave., Marousi, Athens), in order to discuss and decide upon the following:

1. Announcement of the election of a new member of the Board of Directors, pursuant to article 9, par. 4 of the Company’s Articles of Incorporation.

2. Approval of the termination of the contract (independent services agreement) between OTE and the former Chairman of the Board of Directors and Chief Executive Officer of the Company, dated 25-6-2009, pursuant to the second section of term 9 thereof.

3. Approval of a contract between the Company and the Chief Executive Officer, pursuant to article 23^a of Codified Law 2190/1920, and granting of power to sign it.

Miscellaneous announcements.