Investor Relations - 02.02.2011

Appointments of General Manager of Distribution Division and General Manager of Transmission Division

                                                     ANNOUNCEMENT

PPC S.A. announces the appointment of Mr. Nikolaos Aravantinos in the position of General Manager of the Distribution Division and Mr Spiros Vassos in the position of General Manager of the Transmission Division, as of 1/2/2011.

Mr Aravantinos joined PPC in 1984 and has since then served in various positions within the Company. He has worked for five years as an executive in the Distribution Unit and has then moved on to the IT Department, where he held both technical and managerial positions. Since 2001 he has served as the Director of the Information Technology Department. Mr. Aravantinos holds a diploma of mechanical and electrical engineering from the National Technical University of Athens and has post graduate studies in computer science (Dipl?me d' Etudes Approfondies en Informatique, Universit? Pierre et Marie Curie - Paris VI) and management (Master of Business Administration, Brunel University).

Mr Vassos has been Director of the Energy Management Department since May 2008, and, in parallel, acting Director of the Strategy Department since February 2010. During the period 2001-2008, Mr Vassos was Director of the Budgeting and Reporting Department of the Transmission Division, while, at the same time, in the period 2006-2008, he served as acting Director in the HR and External Relations departments of the Transmission Division. Since joining PPC in 1986, and until 2001, he held various positions in the Strategy & Planning Department. Before joining PPC, he worked for the Economic Council of Canada (ECC) and the Canadian National Energy Board (NEB) in Ottawa. Mr Vassos holds a Bachelor degree from Ryerson Polytechnic and a Master's degree in electrical engineering from the University of Ottawa in Canada.

Athens, February 2, 2011.

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