Investor Relations - 03.11.2007

The information about the withdrawal strategic plan of PPC S.A. is not accurate

ANNOUNCEMENT

PPC announces that the information presented in the media today regarding the withdrawal of the strategic plan from the Board of Directors agenda on Nov 13, 2007 is not accurate.
PPC would like to clarify that after an agreement reached with the employees union (GENOP), various studies will be carried-out to explore the purpose for the restructuring of PPC within the context of the Strategic Plan. The discussions with the employees union will continue in parallel with the studies and will be completed within a period of 6 months. PPC, as it has already announced, will present its Strategic Plan on November 21st 2007.

Athens November 1, 2007
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