Investor Relations - 09.11.2007

In regard 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, PPC clarifies the following:

In order to secure electrical supply in the immediate future as well as for the coming years, PPC has examined proposals for cooperation that were submitted by reputable and reliable firms.

Amongst these firms is RWE, with which PPC had fruitful cooperation in the past as well. Discussions with RWE are covering specific projects only. The obviously confidential discussions for the signing of a MoU between the firms, despite the progress made so far, are still in an early stage.

Athens, November 9th 2007
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