Announcement of regulated information

Hellenic Telecomms Organization S A

18 October 2024

 

Announcement of Regulated Information

Αthens, October 18, 2024 - Hellenic Telecommunications Organization S.A. ("OTE") announces that in the context of tax audit of its 100% subsidiary Telekom Romania Mobile ("TKRM") for the Fiscal Years 2017-2021, the Romanian Tax Authority (ANAF) imposed €33.5 million additional tax charges (principal), related to alleged VAT and Corporate Income Tax miscalculations, which will be further increased due to penalties, interest and surcharges.

TKRM intends to make use of the provisions of Ordinance 107/2024 of Romania which provides for the exemption from penalties, interest, and surcharges if the principal amount is settled. At the same time, TKRM will also file for annulment of the tax audit findings before the competent courts, in accordance with the applicable legislation.

These amounts refer to past fiscal years and have no impact on the organic performance of the Group.

The announcement is issued as a Regulated Information, in accordance with Law 3556/2007, [article 3, par. 1 (p) and article 21] and Regulation No 596/2014 (article 19) of the European Parliament and of the Council on market abuse.

FOR FURTHER INFORMATION:

OTE GROUP INVESTOR RELATIONS

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E-mail: [e-mail]

 

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