Investor Relations - 22.05.2007

Announcement on the power plant Bobov Dol (2)

PUBLIC POWER CORPORATION S.A.

ANNOUNCEMENT

On 18 May 2007, PPC filed an appeal against an intermediate (Protocol) Decision of the Privatisation Agency of Bulgaria of 8 May 2007 to interrupt the negotiations for the privatisation of Bobov Dol thermal power plant.
On 21 May 2007, at a meeting of the Chairman and CEO of PPC with the Minister of Environment and Waters of Bulgaria, it was agreed that within the next few days PPC shall propose to the Ministry of Environment and Waters an effective solution, with the aim to conclude the Bobov Dol privatisation.

Athens 22-5-2007

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