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Cancellation of equity of OTE1OE

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07/0784

NOTICE N.º 0784/07

We hereby inform that, on 10th July, 2007 and by indication of the Issuer, one has cancelled the 600.000.000 ordinary bonds, regarding the issue "OT 4,375% Junho 2014", registered in the Securities Central under code OTE1OE (total amount in circulation: 500.000.000.000).

INTERBOLSA, 10th July, 2007