TERNA ENERGY informs Investors about the draft proposed amendment of the Articles of Association in view of the Company's upcoming Extraordinary General Assembly that will take place on January 9, 2017.

Article 3   Objective

It is proposed that Article 3 is supplemented by the following paragraph:

“The purchase, sale, disposal and general transactions on electricity power, generated by power stations of either the Company and/or affiliated entities and/or third parties, in Greece or abroad, in accordance with the applicable legislation as in force.”

This expansion is necessary for the new activities which the Company is interested to undertake in the future, with a view to its further development and growth.

It is noted that the expansion does not alter the main activities of the company, but it supplements, specifies, enriches and clarifies its existing scope of business.

Article 5  Share Capital

It is proposed that paragraph 1 of article 5 regarding the share capital of the Articles of Association, is supplemented as follows:

“By virtue of the resolution of the Extraordinary General Meeting of the Shareholders   dated January 9, 2017 it was resolved  the increase of the Company's share capital by the amount of five million four hundred and sixty five thousand seven hundred and twenty euro (5,465,720.00 €) with capitalization of part of the special share premium reserve with increase of the nominal value per share from thirty cents of a euro (0.30€) to thirty five cents of a euro (0.35€) and at the same time the decrease of the Company's share capital by the amount of five million four hundred and sixty five thousand seven hundred and twenty euro (5,465,720.00 €) with decrease of the nominal value per share from thirty five cents of a euro (0.35€) to thirty cents of a euro (0.30€) and the return of the relevant decrease to shareholders.

Following the above the Company's share capital amounts to a total of thirty two million seven hundred and ninety four thousand three hundred twenty euro (32,794,320.00 €) divided into one hundred and nine million three hundred fourteen thousand and four hundred (109,314,400) common registered voting shares, with a nominal value of thirty cents of a euro (0.30€) each.”

Paragraphs 2,3 and 4 of the article remain as currently in force.