"PUBLIC POWER CORPORATION SOCIETE ANONYME" announces that, the Extraordinary General Meeting of the Shareholders, was held, with quorum 61,6%, on Wednesday 29 August 2007. The Extraordinary General Meeting of Shareholders discussed and approved the following:
ITEM ONE: Approval of the accounting statement of the RES Branch and of the Draft Agreement concerning the separation (spin-off) of the RES Branch.
ITEM TWO: Approval of the recommendation of the Board of Directors regarding the authorization of an Executive of the Company to sign the notarial deed concerning the spin-off of the RES Branch.
ITEM THREE: Amendment of articles 1 and 32 of the articles of Incorporation and codification of the articles of incorporation.
ITEM FOUR: Approval of the Directors and Officers liability insurance.