Investor Relations - 22.03.2012

Comments on Press Reports regarding PSOs

                                                              ANNOUNCEMENT

Following recent press reports regarding Public Service Obligations (PSOs), it is clarified that, in the case of PSOs charges for 2012, PPC -as is the case also for other electricity suppliers- is obliged to apply the charges defined in the Decision 1527/2011 of the Regulatory Authority for Energy, in accordance with articles 55 and 56 of the Law 4001/2011.
 
Public Service Obligations (PSOs) include the following:

- Electricity Supply to the residents of non-interconnected islands at the same prices as those to mainland residents, despite the fact that the energy generation cost is a lot higher in the islands

- Electricity Supply at low prices to large families

- Electricity Supply at low prices to vulnerable customers who are eligible for the Social Residential Tariff.

Athens 22-3-12012

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