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Cancellation of equity of OTE3OE

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11/0633

NOTICE N.º 0633/11

We hereby inform that, on 4th May, 2011 and by indication of the Issuer, one has cancelled the 10.000.000.000 bonds, regarding the issue "OT 3,35% 15 Outubro 2015", registered in the Securities Central under code OTE3OE (total amount in circulation: 964.899.800.000).

INTERBOLSA, 4th May, 2011