OTE S.A. DOCUMENT FOR THE PROVISION OF INFORMATION UNDER L. 3401/2005 REGARDING THE OFFER OF OTE'S SHARES TO ITS EXECUTIVES AND THE EXECUTIVES OF ITS SUBSIDIARIES ABROAD WITHIN THE FRAMEWORK OF THE IMPLEMENTATION OF ITS STOCK OPTION PLAN (article 4 par. 1.e) This document is not an offer of securities for sale in the United States. The securities referred to in this document have not been and will not be registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended, and in compliance with any applicable securities laws of any state or other jurisdiction in the United States. OTE does not intend to register any offering or conduct any public offering in the United States and no offering of the securities described herein will be made by OTE or any other person in the United States. I. Hellenic Telecommunications Organization SA (OTE S.A or the Company), within the framework of the implementation of the Stock Option Plan for executives of OTE S.A and its affiliated companies, in the meaning of Article 42e of C.L. 2190/1920, in Greece and abroad (Executives) as approved by OTE's Repeated 56th Ordinary General Meeting of Shareholders and amended by the resolutions of the Company's General Meetings dated 10-7-2009, 23-6-2011 and 26-6-2013 as in force (the Plan) and according to article 4 par. 1.e of L. 3401/2005, informs the public as follows:

1. Within the framework of the implementation of the Plan, as it is described herein below, the Executives who are entitled to Definite Stock Option Rights for the acquisition of Company's (own) shares, are requested within the month of April 2014 to state in writing, through a form prepared by the Company, their intention to exercise fully or partially their Definite Stock Option Rights and subsequently to exercise these rights by depositing the value until April 30, 2014.
2. This offer is addressed in total to 581 Executives of the Company, in Greece and Abroad1 to whom Stock Option Rights were granted the years 2009 and 2010, and whose Stock Option Rights matured, became Definite and may be exercised, namely this offer in total concerns maximum 9,403,745 (own) nominal registered company's shares.
3. According to the Plan the Preferential Acquisition Price is as follows:

4.49 Euro per share for 2,355,849 shares (with respect to stock option rights granted in October 2010 and will be exercised with a discount according to the terms of the Plan as specified in II 5 here below),

4.77 Euro per share for 2,055,450 shares (with respect to stock option rights granted in October 2010 and will be exercised with a discount according to the terms of the Plan, as specified in II 5 here below),

5.635 Euro per share for 1,267,671 shares (with respect to stock option rights granted in October 2010) and

11.26 Euro per share for 3,724,775 shares (with respect to stock option rights

granted in October 2009)

1 It is noted that for the present offer the Company complies with the relevant provisions of the legislation in the countries where the companies of COSMOTE Group are operating.

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4. Following the exercise of the Definite Rights by the Executives until April 30 2014, according to the above, in May 2014, the Company's Board of Directors, following the confirmation that the terms of the Plan are being fulfilled, will approve the transfer of a number of shares equal to the number of Definite Rights exercised and will issue Acquisition Certificates for those shares, which will be sent to the beneficiaries.
5. Subsequently, the Company will proceed to all legal procedures for the transfer of the said shares to the Executives, and in order for these shares to be credited in each beneficiary's account number in the Dematerialised Securities System of the Athens Stock Exchange.
It is noted that the total number of OTE shares to be transferred to the Executives depend on the number of the Definite Rights that the Executives have stated their intention to exercise
and the deposit of the respective value.
It is noted that the Executives will bear the costs of the stock market transaction for the transfer of the own shares to their personal accounts.
Furthermore the benefit from the exercise of stock options as determined from the difference between the closing price of the share on the stock market on the day of the exercise, minus
the price of the Right, is taxed as income (in kind) for employee services.
In addition, any surplus value generated from the sale of shares at a price higher than the closing price on the stock market, during the exercise of the Rights, is taxed as surplus profit resulting from securities transfer.
6. It is noted that the present offer:

Is addressed to the above mentioned number of Executives (581) who could -given the current trading price of OTE shares on the Athens Stock Exchange (ASE) -to acquire advantageously the corresponding Definite Rights OTE shares in the above preferential acquisition prices

Is not addressed to Executives (total 31) who currently retain Definitive Rights to acquire OTE shares (total 176,810) with Preferential acquisition Price at 19.49 € per share (applies to options granted in October 2008), as the exercise of these rights is not beneficial in view of the current trading price of OTE shares on the Athens Stock Exchange and they are not included to the persons that the offer is addressed to. The total number of the Definite Rights with Preferential acquisition Price at 19.49 € amounts to 2,524,420.

7. The fully paid share capital of the Company amounts to 1,387,125,600.87 €, divided into
490,150,389 ordinary registered shares of a nominal value 2.83 € each.

II. BRIEF DESCRIPTION OF THE PLAN

1. On 9-7-2008 OTE S.A.'s Repeated 56th Ordinary General Meeting of Shareholders approved the establishment of the OTE S.A. Stock Option Plan (hereinafter the "Plan") for the granting of Rights during the years 2008, 2009 and 2010, to Executives of the Company and of certain affiliated companies, in the meaning of Article 42e of C.L. 2190/1920, as this Plan has been amended by decisions of the Shareholders' General Meeting held on 10-7-2009, 23-6-2011 and 26-6-2013.
The Plan has also replaced, by offering equal number of Basic and Additional Rights:
1. the pre-existing OTE Program under which Basic Rights for the acquisition of OTE shares were granted in the year 2007 , and
2. The pre-existing COSMOTE Program, under which Basic and Additional Rights for the acquisition of COSMOTE shares were granted in years 2005, 2006 and 2007 (due to COSMOTE's delisting by the ASE on April 1st 2008).

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2. Participants to the Plan are

- the Managing Director, the General Directors, the Deputy General Directors, the Legal Counsel, Directors and Deputy Directors/ Heads of Districts and Heads of Complexes of the Company (in case of change of the organizational chart, persons holding positions of the relevant level)
- Managing Directors of the affiliated companies of OTE, namely OTEGlobe, OTE-Estate and Romtelecom
- Chairman of the Board of Directors, the Managing Director, the Legal Counsel, the
General Directors, the Directors and Section Managers of COSMOTE and the
Managing Directors, the Legal Counsels, the General Directors and the Directors of COSMOTE's affiliated companies abroad, as well as their peers in GERMANOS Group in Greece and abroad (in case of change of the organizational chart, persons holding positions of relevant level).
3. According to the Plan, by resolution of the Company's Board of Directors, in years 2008,
2009 and 2010 :
- Basic Option Rights (namely those granted to the participants once, as per their first participation in the Plan) were granted for the acquisition of shares corresponding, based on the Preferential Granting Price, to a maximum number of 10,000 Rights or
20,000 Rights or to 1-5 annual gross salaries of the participant (depending on the
company where he was working, in Greece or abroad and the position he was holding), and
- Additional Option Rights (namely those granted annually to the participants already granted with Basic Options Rights) were granted for the acquisition of shares
corresponding, based on the Preferential Granting Price, to a maximum of 3,500
Rights or 6,000 Rights or to 0.75-1 annual gross salary of the participant (depending on the company he was working for, in Greece or abroad and the position he was holding.
4. The Basic Stock Option Rights mature and become Definite, gradually (that is at a percentage of 40% after the completion of the first year from their grant, at a percentage of
30% after the completion of the second year from their grant and at a percentage of 30%
after the completion of the third year from their grant), while the Additional Stock Option Rights of all the participants mature up to 100% and become Definite after three (3) years from their grant.
5. Executives granted with Option Rights, may acquire shares at the Acquisition Preferential
Price, in which the respective Options are granted (19.49€ for year 2008, while for years
2009 and 2010 the average closing price of the OTE share at the ASE during the month of
September of the grant year, i.e. 11.265€, € 5.635 respectively). Furthermore, in case the cumulative conditions provided by the Plan are met, including the set level of achievement in terms of corporate and personal goals, the Board of Directors determines the percentage of the discount on the said Preferential Granting Price, depending on the hierarchical level that the Executive holds during the first period for the exercise. This discount is up to 25% for the Top Management and up to 20% for Middle Management (Acquisition Preferential Price).
6. The Basic Stock Option Rights may be exercised fully or partially until the month of October of the 7th year of the grant of the relevant Basic Stock Option Rights. The Additional Stock Option Rights may be exercised fully or partially until the month of October of the 3rd year of their conversion into Definite.

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7. The aggregate number of Options granted within the framework of the Stock Option Plan could not exceed the number of 22,100,000 rights (approximately 4.5% of the existing at the time of approval of the OTE Plan), and finally, a total of 21,734,319 Options were granted.

About the present Document

The persons who are responsible for the information contained in this document and its accuracy are the following:
1. Michael Tsamaz, OTE Managing Director,
2. Charalambos Mazarakis, OTE Group Chief Financial Officer,
3. Dimitrios Tzelepis, OTE Group Investor Relations Director.
Copies of this document are available at OTE's Shareholders Registry & Services Department (15, Stadiou Str, 10561 Athens, 1st floor) and online at the Company's webpage: https://www.ote.gr/web/guest/corporate/ir
For further information you may contact the OTE's Shareholders Registry & Services
Department, (15, Stadiou Str, 10561 Athens), on working days and hours tel. 800 11 30003.

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