The Hellenic Republic Asset Development Fund

ATHENS, November 17, 2011 - Accelerating Procedures With Six New Tenders by End January 2012 The Hellenic Republic Asset Development Fund (HRADF), the newly established entity with responsibility for managing Greece's privatisation programme, maintains the momentum of its work this week with the successful sale of the rights to use certain mobile frequencies. The sale, to the three principal mobile operators in Greece, OTE, Vodafone and Wind Hellas, raised €380.5 million and increased the total proceeds from privatisations to date to more than €1.8 billion.