Investor Relations - 21.06.2006

Decision in favor of PPC S.A. about Bobov Dol


                                                                      PRESS RELEASE

On Wednesday June 21st, the Supreme Administrative Court of Bulgaria (SAC) rejected the appeal against the decision submitted by the Privatization Agency of Bulgaria (PA) regarding the acquisition of Bobov Dol thermal station in SW Bulgaria by PPC S.A.

Following this decision in favor of PPC, which is final, the Company expects to be invited for negotiations within the cadre of the privatization process.

Athens, 21 June 2006
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