OTE S.A. - Announcement of Increase of the Share Capital by Increasing the Nominal Value of the Share

The company under the name HELLENIC TELECOMMUNICATIONS ORGANIZATION OF GREECE S.A. (OTE S.A.) announces that the Extraordinary General Meeting of the company's shareholders, held on December 30, 2013, decided the increase of the company's share capital by 215,666,171.16 Euro with capitalization of the following reserves:
• Amount of €215,666,171.16 (out of tax-free reserves of previous years amounting to €253,724,907.25 following the deduction of corresponding tax which amounts to €38,058,736.09), by increasing the nominal value of OTE S.A. share by
€0.44.
Such increase of the share capital shall be effected with a respective increase of the nominal value of the share from €2.39 to €2.83.
Following the above increase, the Company's share capital amounts to
1,387,125,600.87 Euro, divided into 490,150,389 common registered shares of a nominal value of €2.83 each.
The Ministry of Development by virtue of decision No. Κ2-127/ 17-1-2014, approved
the amendment of the respective article of the Company's Articles of Incorporation.
The Listings and Corporate Acts Committee of the Hellenic Exchanges - Athens Stock Exchange S.A. (HELEX) in its meeting dated 27/1/2014 was informed about the increase of the nominal value of the Company's shares.
Following the above, as from 31/1/2014 the Company's shares shall be traded in the
Athens Exchange with their new nominal value, €2.83 each.

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