Investor Relations - 02.06.2009

Permission of the National Competition Authority for the formation of a joint venture between PPC and Halyvourgiki

                                                       ANNOUNCEMENT

The National Competition Authority permits the formation of a JV between PPC and Halyvourgiki

The National Competition Authority reached a decision on May 29th, 2009, that permits the formation of a joint venture between Halyvourgiki S.A. (with a 51% stake) and PPC S.A (with a 49% stake).

The joint venture will proceed with the construction and operation of a power generation plant.

Athens 2 June 2009
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