Investor Relations - 06.07.2005

Payment of Dividend is to commence on 15 July 2005

PUBLIC POWER CORPORATION S.A.
30 Chalcocondyli street, Athens
(S.A. registration No:47829/06/B/00/2)



ANNOUNCEMENT

PAYMENT OF DIVIDEND FOR THE FISCAL YEAR 2004

The PUBLIC POWER CORPORATION S.A. announced that, in accordance with the decision of the 3rd Annual Meeting of Shareholders of 6/6/2005, the dividend for the fiscal year 2004 amounts to Euro 0.90 (ninety cents) per share. Shareholders of record as at the end of the Athens Stock Exchange meeting on 6/6/2005 are entitled to such dividend. As of 7/6/2005, the shares of the Corporation are traded on the Athens Stock Exchange with no rights to the dividend on profits for the fiscal year 2004.

Payment of the dividend is to commence on 15 July 2005 through the authorized users of the beneficiaries shareholders (Securities Companies and Banks) and is to be effected until 14 July 2006 by Piraeus Bank. After this period the dividend will be paid from the Corporation.

For further information, shareholders may contact the Corporation's Investor Relations Office or Piraeus Bank, Athens (tel. No. 210/3335391).


Athens, 6-7-2005

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