Press Release - 04.07.2012

Comments on press articles regarding refinancing of loans

                                                                 PRESS RELEASE

Commenting on recent press articles, PPC clarifies that the refinancing of loans amounting to € 525 million was completed today with the participation of three banks and with average interest rate of 8.9%.
It is noted that, prior to the refinancing, the average interest rate of these loans was 8.1%. PPC’s cost of debt for its total debt portfolio remains below 5.5%.

Athens, July 4, 2012

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