Public Power Corporation (PPC) S.A. announces, pursuant to L3556/2007 and following relative notification received on April 10th, 2014, the transfer without any cost by the Hellenic Republic of 39,440,000 PPC shares (namely 17%) to the Hellenic Republic Asset Development Fund (HRADF S.A.), following implementation of the decision no 249/2014 (OGG 864/B) of the Inter-Ministerial Committee on Asset Restructuring and Privatizations (ICARP) and of paragraphs 4 and 5 of Article 2 of L.3986/2011 “Urgent Measures for Implementation of the Medium-Term Fiscal Strategy Framework 2012-2015” (OGG 152/A’).
The change in the voting rights notified hereby resulted following execution of an over the counter transaction pursuant to the provisions of paragraphs 4 and 5 of Article 2 of L. 3986/2011 “Urgent Measures for Implementation of the Medium-Term Fiscal Strategy Framework 2012-2015” (Official Government Gazette no 152/A’) and of the Decision 249/2014 (Official Government Gazette no 864/B) of the Inter-Ministerial Committee on Asset Restructuring and Privatizations (ICARP).
It is noted that, following the above change, the participation of the Hellenic Republic in the share capital of PPC SA is 34.123% and the respective participation of HRADF is 17.000%.
The Hellenic Republic controls 100% of HRADF shares and as a consequence it indirectly controls the above voting rights.
Following such transfer, the proxy holder authorisation made by the Hellenic Republic to HRADF by virtue of the Agreement on Exercising Voting Rights by proxy dated 11.09.2012 related to 39,440,000 PPC shares (namely 17.000%) which had been communicated to the investors by the announcements of PPC SA dated 14.9.2012 and 11.10.2012 following the announcements of HRADF dated 13.9.2012 and 10.10.2012, is no longer in effect.
Athens, April 11, 2014
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