The Company announces that the composition of the Board of Directors has changed: In particular, after the Extraordinary General Meeting of P.P.A.SA shareholders on 1/11/2007, concerning the election of new BoD members, replacing resigned members, the Board of Directors in its Meeting, at the same date, was reformed. Mr. Behrakis Dionysios was elected President of the BoD and the status of BoD members as executive or non executive was determined as following: 1. Behrakis Dionysios, President BoD, Representative of Shareholders, non executive member. 2. Anastassopoulos Nikolaos, Representative of Shareholders, Chief Executive Officer, executive member. 3. Philippas Nikolaos, Representative of Shareholders, non executive member. 4. Mannes Konstantinos, Representative of Shareholders, non executive member. 5. Mihelakos Dimitrios, Representative of Shareholders, non executive member. 6. Koutsioubas Theodoros, Representative of Shareholders, non executive member. 7. Gioldaseas Elias, Representative of Shareholders, non executive member. 8. Alefantinos-Lais Alexandros, Representative of Shareholders, independent non executive member. 9. Mantzouneas Elias, Representative of Shareholders, independent non executive member. 10. Balabanidis Eustratios, Representative of Employees, non executive member. 11. Nouchoutidis Georgios, Representative of Dock Workers, non executive member. 12. Kyriakou Petros, Representative of the Economic & Social Committee, non executive member. 13. Fassoulas Panagiotis, Representative of Municipality - Mayor of Piraeus, non executive member.