Investor Relations - 19.09.2014

Signing of Financing Contracts with EIB

                                      ANNOUNCEMENT  -  CORRECTION 
 
 
                                                     
PPC S.A. announces that today, September 18, 2014 the following financing contracts were signed:

1. The second financing contract with the European Investment Bank of an amount of €180 million, in the context of a total credit line of €415 million approved by the Bank. The first contract of an amount of €235 million was signed in March 2014. The credit line of €415 million concerns investments for the period 2013-2015 for the modernization and reinforcement of the Electricity Distribution Network in the mainland and the islands of Greece.

2. Two financing contracts between its 100% subsidiary, Independent Power Transmission Operator and the European Investment Bank, which concern the financing of a group of Projects under the name “Transmission I” of an amount of €70 million and of the Project “Cyclades Interconnection Phase A” of an amount of €65 million, which are part of the total approved financing amounts of € 140 million and € 130 million respectively, with a redemption period of 20 years for both contracts.

The European Investment Bank has been for a long time and continues to be a strategic financing partner of PPC Group, supporting the Group’s investment plan in projects of great importance for the economy, the Greek consumers, the security of supply of the country and the environment.


Athens, September 18, 2014 



                                                         ANNOUNCEMENT 


PPC S.A. announces that today September 18, 2014 were signed the above financial contracts:

1. The signing of the second financing contract with the European Investment Bank of an amount of €180 million, in the context of a total credit line of €415 million approved by the Bank. The first contract of an amount of €235 million was signed in March 2014. The credit line of €415 million concerns investments for the period 2013-2015 for the modernization and reinforcement of the Electricity Distribution Network of the mainland and islands of Greece.

2. Two financing contracts between its 100% subsidiary, Independent Power Transmission Operator and the European Investment Bank concern the financing of a group of Projects under the name “Transmission I” of an amount of €70 million and of the Project “Cyclades Interconnection Phase A” of an amount of €65 million, which apart of total financing line with a redemption period of 20 years for both contracts.

The European Investment Bank has been for a long time and continues to be a strategic financing partner of PPC Group, supporting the Group’s investment plan in projects of great importance for the economy, the Greek consumers, the security of supply of the country and the environment.

Athens, September 18, 2014 
 
                                   
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