Investor Relations - 23.05.2007

Comments in publications

ANNOUNCEMENT

Referring to articles published in the Press on 23.05.2007,concerning PPC's Q1 2007 results, we would like to point out that PPC, consistently follows the provisions of Corporate Legislation and International Financial Reporting Standards and recognizes in its statement of income, the proportions of personnel bonuses (Christmas, Easter, Vacation) provided by Law.
As a result, Q1 2007 net income has been charged by an amount of approximately € 41 million (€ 39 million for the corresponding period of 2006), reflecting the proportions of the above mentioned personnel bonuses for the year 2007, according to the provisions of the current legislation.
Following the above, the aforementioned articles are inaccurate.

Athens 23-5-2007

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