Investor Relations - 11.09.2012

50 MW Photovoltaic Park in Megalopolis

                                                               ANNOUNCEMENT

Due to the current economic situation and the fact that the necessary funding could not be secured, PPC Renewables decided not to proceed with the signing of the contract concerning the construction of the project ‘’Engineering, Procurement, Transportation, Installation and Commissioning of two Photovoltaic Stations of 39 MW and 11 MW respectively, in Megalopolis’’.

It is noted that after an international tendering procedure, the company J&P ABAΞ S.Α. was declared as the lowest bidder in December 2011.

PPC Renewables shall examine alternative ways of financing and construction of the project.


Athens, September 11, 2012

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