Investor Relations - 11.06.2003

Announcement regarding free shares.

PUBLIC POWER CORPORATION S.A.

Announcement regarding free shares.

Private non-institutional investors of PPC S.A. who acquired shares in the Public Offering in December 2002 shall receive one free share for every ten shares, for the number of those shares they retained until the closing time of the Athens and London Stock Exchanges on 11th June 2003, with a maximum of 200 shares per shareholder.

The distribution date of the free shares to the beneficiaries? securities account will be notified by a further Announcement.

ATHENS, 10 June 2003
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