Debt Summary

At June 30, 2018, OTE Group gross debt amounted to €1,515.0 million. The total amount of OTE Debt outstanding breaks down as follows (under IFRS):

(€ mn)

June 30, 2018

June 30, 2017

Change

March 31, 2018

Change

Medium & Long-term:

-Bonds

1,044.3

1,669.7

-37.4%

1,043.5

+0.1%

-Bank loans

470.7

372.1

+26.5%

470.4

+0.1%

Total Indebtedness

1,515.0

2,041.8

-25.8%

1,513.9

+0.1%

Cash and Cash equiv.

817.1

1,508.5

-45.8%

760.0

+7.5%

Net Debt

697.9

533.3

+30.9%

753.9

-7.4%

Other financial assets

5.8

5.9

-1.7%

5.9

-1.7%

Underlying Net Debt

692.1

527.4

+31.2%

748.0

-7.5%