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Investegate |Hellenic Telecomms Announcements | Hellenic Telecomms: OTE GROUP REPORTS 2020 FOURTH QUARTER RESULTS

  o Numerous initiatives to bolster future performance · Greece back to revenue growth, up 2.9% in Q4 o Mobile service revenue trends improving sequentially o Fixed retail positive on sharp broadband growth, fueled by fiber o Resilient Adj. EBITDA (AL) at €300mn, down 0.8% · Romania Mobile Q4 performance impacted by unfavorable comparable base and adjustments; strong FY Adj. EBITDA (AL), up 34% · Group FY FCF ahead of guidance at €413mn, Adj. Capex in line · Strategic transformation initiatives completed-VES and spin-off of frontline operations · 5G commercial launch following successful spectrum auction in December 2020 · UEFA Champions League and Europa League TV rights renewed for 2021-2024 · 20% increase in shareholder return for 2021, at €480mn

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