TERNA ENERGY S.A., informs Investors, according to article 19 §2 of L. 3556/2007 and the Athens Exchange Regulation, that the draft with the proposed expansion of the corporate objective and the relevant amendment of article 3 of the Articles of Association, has been posted on the Company's website www.ternaenergy.gr in view of the Company?s upcoming Extra-Ordinary General Shareholders' Meeting that will take place on July 27, 2011. The addition of the following paragraphs is proposed:
1. The purchase, sale, procurement, trading of wind turbines, of productive equipment for photovoltaic parks, and in general of mechanical equipment for the generation of energy from renewable energy sources (RES), machinery, tools, products and any other equipment of Greek or foreign origin.
2. The research of geothermal fields, their development and exploitation.
3. The treatment of saline or brackish water for desalination for the purpose of trading drinkable water and / or irrogation
4. The recovery, management, treatment and exploitation of reusable materials
After the addition of the above paragraphs and the renumbering, Article 3 "Objective" reads as follows:
Article 3
Objective
1. The undertaking and execution of Technical Works of any nature, from Public, Municipal, Private and in general legal entities or organizations or corporations of any nature. The undertaking and execution, maintenance and operation of technical works any nature within the country or abroad whether a special Public Works Contractor's Degree of any category and class is required or not.
2. The construction of multi-store buildings or other buildings for resale, on privately owned plots of the Company or plots belonging to third parties, by means of legal consideration.
3. The manufacture and trading of all kinds of construction, road materials and generally aggregates.
4. The Construction, Installation, Operation and Exploitation of Power and Thermal Energy Production Plants, in accordance with the provisions of Law 2244/1994 and Law 2773/1999 as in force today and as it may be amended in the future but also in accordance with any other provisions of laws under which the construction, installation, operation and exploitation of Power and Thermal Energy Production Plants is permitted.
5. The purchase, sale, procurement, trading of wind turbines, of productive equipment for photovoltaic parks, and in general of mechanical equipment for the generation of energy from renewable energy sources (RES), machinery, tools, products and any other equipment of Greek or foreign origin.
6. The research of geothermal fields, their development and exploitation.
7. The treatment of saline or brackish water for desalination for the purpose of trading drinkable water and / or irrogation
8. The management, process, utilization of solid and liquid waste, the exploitation and trade thereof as well as the provision of services in the above fields.
9. The recovery, management, treatment and exploitation of reusable materials
10. The provision of support, operation, maintenance and repair services for mechanical recycling, composting and utilization of solid waste units.
11. The production, trade, management, process, utilization, exploitation and trade of biomass as well as the provision of services in the above fields.
12. The undertaking and execution of all kinds of designs, supervisions and research works.
13. The merger with another Company or the absorption of other hereto related personal or corporate enterprises, or the contribution of a branch in an already existing company or a new company under incorporation.
14. For the fulfillment of the objects of the Company, it is possible to grant guarantees in favor of companies and, in general undertakings or Joint Ventures, in which the Company participates or with which it co-operates, in any way, providing all kinds of contractual and collateral securities.
15. The trade of drugs and health products in Asian and European countries.
In order to achieve its objects, the Company may:
a. Participate or represent or co-operate in any manner with companies and undertakings in general, which have been established or will be established in the future, domestic or foreign, with the same or similar object.
b. To perform the above activities either on its behalf or on behalf of third parties receiving either commission or percentage or in partnership, or in co-operation with the said third parties natural or legal entities (Consortium, Joint-Venture).
c. To establish branches or offices at any location in Greece or abroad.