Investor Relations - 05.06.2003

Dividend

PUBLIC POWER CORPORATION S.A.

The first Annual General Meeting of the shareholders of PPC SA, which was accomplished on Wednesday the 4th of June, 2003, resolved the payment of dividend of 204,160,000 Euro for the fiscal year 1.1.2001 to 31.12.2002 and the payment by cheques of the remaining amount of 116,000,000 Euro, that is 0.50 Euro per share taking into account the payment in 2002 of the interim-dividend of 0.38 Euro per share, a amount of 88,160,000 Euro. On June 5, 2003 the shares will be traded on the Stock Exchanges ex-dividend. The payment will be held in July, 2003.

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