Investor Relations - 09.12.2011

Announcement according to Law 3556/2007

                                                                ANNOUNCEMENT  

Pursuant to Law 3556/2007 and following relative notification received on December 9th, 2011 from " Silchester International Investors LLP " (Silchester) in its capacity as investment manager for its clients :
- Silchester International Investors International Value Equity Trust,
- Silchester International Investors International Value Equity Taxable Trust,
- Silchester International Investors International Value Equity Group Trust,
- Silchester International Investors Tobacco Free International Value Equity Trust,
- The Calleva Trust,
Public Power Corporation SA notifies that their total holdings on December 2nd, 2011, amounted to 30,824,229 shares or 13.29% of PPC's voting rights.

In acting for its clients, Silchester are given full discretion over their investments and are empowered to vote on their behalf. However, Silchester do not act as the clients' custodian and therefore shares are not held in Silchester's name but in the name of each client's custodian bank.

The increase in Silchester’s holdings was due to a series of transactions over a series of different trading days. According to our most recent announcement on 15th September 2011, Silchester’s holding as of 13th September 2011 amounted to 23,681,081 shares or 10.21%. As of 8th December 2011, Silchester’s current holding is 32,024,558 shares or 13.80%

Athens, December 9th , 2011

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