Investor Relations - 24.05.2006

Payment of Dividend for the Fiscal Year2005

PUBLIC POWER CORPORATION S.A.

                                                                         ANNOUNCEMENT


PAYMENT OF DIVIDEND FOR THE FISCAL YEAR 2005

The PUBLIC POWER CORPORATION S.A. announces that, in accordance with the decision of the 4th Annual General Meeting of Shareholders on May 24, 2006, the dividend for the fiscal year 2005 amounts to Euro 0.50 (fifty cents) per share. Shareholders of record at the end of the Athens Stock Exchange's trading session on June 20, 2006 are entitled to such dividend. As of June 21, 2006 the shares of the Corporation will be traded on the Athens Stock Exchange with no rights to the dividend for the fiscal year 2005 profits.
Payment of the dividend is to commence on June 28, 2006 by the Piraeus Bank according to the procedure provided by the Athens Exchange and Central Securities Depositary rules, through the authorized operators of beneficiaries shareholders' Account at the Dematerialised Security System (D.S.S.).
Ιn the case you have requested exception from your D.S.S. operator or the Central Securities Depositary or your shares are kept by the Central Securities Depository, the dividend will be paid via the branch network of the Piraeus Bank, upon presentation in person of identity card as well as a printout of the Account at the D.S.S.
The relative dividend payment certificate will be received at the point of dividend collection.
For further information, shareholders may contact the Corporation's Shareholders Relations Office (tel. 210-5293245) or the Piraeus Bank, Athens.

Athens, May 24, 2006

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