Investor Relations - 08.05.2014

Recovery of state aid from ALUMINIUM S.A.

                                                                                            ANNOUNCEMENT

Public Power Corporation S.A. announces the recovery from ALUMINIUM S.A. of a total sum of million  21.3, euros  (17,4 mil. euros  plus interest), as unlawful state aid not compatible with  the common market,  according to  Commission Decision of 13 July 2011, which was granted to ALUMINIUM S.A.  in the form of reduced electricity tariff for the period from January 2007 to March 2008. The recovery took place after the issuance of relevant decisions in favor of PPC  by the Athens Court of First Instance and in accordance with a relevant agreement for the assignment of sums for the recovery of state aid signed between  PPC S.A .and ALUMINIUM S.A .

Athens, May 8, 2014

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