OTE announces that, in accordance with its shareholder remuneration policy, the company will commence its approved Share buyback Program starting on February 28, 2025, with an estimated duration extending until January 21, 2026.

The targeted budget for the share buyback is approximately €153 million. The final budget and the total number of shares ultimately acquired will depend on the price and liquidity of the shares during the buyback period.

Morgan Stanley Europe SE will serve as the Lead Manager for the Share Buyback Program at its discretion throughout the specified period.

The purpose of acquiring these shares is solely for their cancellation, subject to a resolution by the General Meeting of Shareholders and in compliance with applicable legal and regulatory requirements.