Public Power Corporation (PPC) S.A. announces, pursuant to L3556/2007 and following relative notification received on September 13th, 2012, the transfer from the Hellenic Republic of the voting rights of 39,440,000 shares of PPC (namely 17.000%) to the Hellenic Republic Asset Development Fund (HRADF) S.A.; such transfer is effected in accordance with the voting rights transfer agreement between HRADF S.A. and the Hellenic Republic by virtue of the Decision no 206/2012 (National Gazette 1363) of the Inter-Ministerial Committee for Asset Restructuring and Privatizations (ICARP) and paragraphs 4 and 5 of L.3986/2011 on Emergency Measures for the Implementation of the Medium-term Fiscal Strategy Framework 2012-2015 (National Gazette 152/A).
The change in the voting rights resulted following execution of an over the counter transaction, pursuant to the provisions of paragraphs 4 and 5 of article 2 of L3986/2011 concerning ‘’Emergency Measures for Implementation of the Medium-Term Fiscal Strategy Framework 2012-2015’’ (Government Gazette 152/A) and of the Decision no 206/2012 (Government Gazette) of the Inter-Ministerial Committee on Asset Restructuring and Privatizations (ICARP).
It is noted that, following the above change, the percentage of the Hellenic Republic on the voting rights of PPC shares is 34.123% and the respective percentage of HRADF is 17.000%. By controlling 100% of the HRADF, the Hellenic Republic indirectly controls the abovementioned voting rights.
Athens, September 14th ,2012