Investor Relations - 26.07.2007

Announcement about TELLAS SA

ANNOUNCEMENT

With respect to press publications on 26-7-2007 regarding the potential acquisition by Weather Investments of PPC's share in TELLAS SA, PPC SA would like to clarify:
Indeed PPC has not discontinued discussions with Mr. Sawiris and at this stage it is evaluating a truly improved proposal.

Athens, July 26, 2007

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