Addition of representatives of employees to the Board of Directors of PPC S.A.

PUBLIC POWER CORPORATION S.A.

PRESS RELEASE

The Board of Directors of Public Power Corporation S.A. formed a Body following the resolution on February 25, 2004 of the Board of Directors of the Company, with the addition of two members of representatives of employees, as follows:

1. Mr. Demetrios Papoulias (President BoD / non-executive member)

2. Mr. Stergios Nezis (C.E.O. / executive member)

3. Mr. Miltiadis Gargaretas (non-executive member)

4. Mr. Demetrios Georgarakis (non-executive member)

5. Mr. Spiridon Theodoropoulos (representative of the minority / non-executive member)

6. Mr. Panagiotis Loftsalis (representative of employees / non-executive member)

7. Mr. Ioannis Manos (representative of the minority / non-executive member)

8. Mr. Ioannis Panagopoulos (representative of the OKE* / non-executive member)

9. Mr. Anastasios Petrou (representative of employees / non-executive member)

10. Mr. Vassilios Trapezanoglou (non-executive member)

11. Mrs. Helen Tsamadou (non-executive member)


* OKE : Greek Economic and Social Committee