Formation of body of the BoD of ADMIE S.A.

ANNOUNCEMENT

PPCS.A.announces that the Board of Directors of its 100% subsidiary company ADMIES.A.was formed into body, electing as Chairman & Deputy CEO Mr. Koroniotakis Emmanouil and as Chief Executive Officer Mr. Blanas Ioannis .

The new Board of Directors of ADMIE S.A. consists of the following members:

Koroniotakis Emmanouil Mechanical – Electrical Engineer, Chairman & Deputy CEO.

Blanas Ioannis Mechanical – Electrical Engineer, Chief Executive Officer.

Georgantzis Georgios Mechanical – Electrical Engineer , Member.

Kororonides Athanasios Mechanical – Electrical Engineer, Member.

Nikolopoulos Fotis Employee, Member / Representative of Employees.

The term of office of the Board of Directors shall be three-years starting on 10.05.2015 and expiring on 10.05.2018, except for the Employee's Representative whose term of office shall expire on 10.06.2016.

Athens, May 15, 2015