Following the notification submitted to our Company on 17/12/2007 by IBERDROLA S.A., parent company of our shareholder IBERDROLA RENOVABLES S.A., and pursuant to the provisions of Law 3556/2007 as well as article 282 of the Athens Exchange Rules & Regulations, we notify the investment community that on 13/12/2007, IBERDROLA S.A's indirect participation was formed from 52.70% or 10,826,927 common registered voting shares, according to its last notification, to 42.16% or 8,661,542 common registered voting shares, falling below the 50% threshold of its indirect participation, while its direct participation remains zero.
Our shareholder's IBERDROLA RENOVABLES S.A. direct participation remains unchanged at 52.70%.
The change resulted from the floating by IBERDROLA S.A. of 20% of the shares in its subsidiary IBERDROLA RENOVABLES S.A. in the market, due to its listing in the Spanish Stock Exchange.
As a result, IBERDROLA S.A. is now holder of 80% of the IBERDROLA RENOVABLES S.A. shares (major shareholder of our Company by 52.70%).