Current affairs - 07.12.2004

PPC S.A. does not intend to construct a new power generation unit in Patra

PUBLIC POWER CORPORATION S.A.



                                                              ANNOUNCEMENT


With reference to an article published in the newspaper NAFTEMPORIKI on 6.12.04 which states that the PPC is planning to construct a new 300 MW electric power production unit in Patra, please note that the 2003-2007 Business Plan which has been approved by the Board of Directors of the PPC does not include the construction of an electric power production unit in Patra, nor are any such plans included in the Corporation's potential investment considerations.

Athens, 8 December 2004
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