Investor Relations - 18.12.2007

With respect to the discussions for cooperation between RWE and PPC SA

ANNOUNCEMENT


With respect to the discussions for cooperation between RWE and PPC SA

Referring to reports on the Mass Media covering discussions for cooperation between RWE and PPC and further to our announcement of Nov 9, 2007, PPC clarifies that the confidential discussions for the signing of a MoU between the firms are continuing. In this framework, the MoU will be introduced for discussion and approval at the PPC Board of Directors meeting on Thursday December 20, 2007. The MoU will be signed only after its approval by the BoD's of both parties.

Athens, December 18 2007
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