ANNOUNCEMENT

Public Power Corporation S.A. announces that on 15.9.2011 the Board of Directors decided the spin-off of the Segment of PPC S.A. Transmission Division and its contribution to the 100% Subsidiary Company “PPC Telecommunications S.A.” [renamed as per law into  “INDEPENDENT POWER TRANSMISSION OPERATOR S.A.” (I.P.T.O. or ADMIE)], pursuant to  L. 4001/2011, L.2166/1993 and L.2190/1920, as well as the convention on 24/10/2011 of an Extraordinary General Meeting of the Shareholders to take decision on  the spin-off.

The full text of the Invitation and the relative documents will be available on the Company’s website www.dei.gr

Αthens 15/9/2011