Investor Relations - 08.01.2009

Consequences for the PPC from the shortage of natural gas

ANNOUNCEMENT

With respect to press articles, citing that PPC does not incur a loss, but, in the contrary, benefits from the shortage of natural gas supply in the Komotini Power Plant, since "it burns oil and oil is cheaper than natural gas, nowadays", the Company would like to clarify that:

Since 6.1.2009, due to the low pressure (shortage) of natural gas supply in Komotini Power Plant, the fuel that is being used is diesel oil, which is more expensive than natural gas by app. €35-40/Mwh.

It is noted that diesel oil, which can be used as a substitute to natural gas in Komotini Power Plant, is more expensive than heavy fuel oil, which is used in other thermal plants.

Athens, January 8, 2009
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