Hellenic Telecommunications Organization SA (OTE SA), the Greek full-service telecommunications provider, announces that OTE won the award for Best Corporate Governance in Greece, in the 2010 Corporate Governance Awards, organized by the World Finance Magazine.

This distinction reflects the company’s commitment to follow best practices and adhere to high standards of Corporate Governance.

On the account of this award, Mr. Dimitris Tzelepis, Head of Investor Relations, noted: “For OTE, a company with more than 100,000 shareholders, good corporate governance involves good operational performance and the protection of its shareholders rights along the lines of international regulations and practices. We are happy that our efforts are acknowledged and we will continue to approach our two-way communication, with shareholders, in a systematic way, founded on business ethics and transparency”.

Note:

World Finance enjoys a distribution network that includes some of the most prominent decision makers worldwide; CEOs, CIOs, COOs and Heads of Institutional Investment Firms, Heads of Banks.

The World Finance Corporate Governance Awards recognises those companies who have reached the very highest levels of excellence in Corporate Governance and the winners are those who have gone far beyond their formal requirements for international listings and regulatory frameworks.

More information regarding the awards is available at http://www.worldfinance.com/news/home/awards/article1095.html