In response to your letter dated 26/03/2007, regarding an article in the electronic press about the possible listing of the shares of the company "TERNA ENERGY S.A.", affiliate of the "GEK - TERNA" Group, in the Stock Exchange, we would like to inform you that our affiliate has submitted in the past an application for the listing of its shares in the Athens Stock Exchange. Our Group is reconsidering the possibility to proceed with the listing of the shares of the aforementioned affiliate in the Athens Stock Exchange.