Comments on a press article

Announcement

Commenting on an electronic press article and for the accurate information of the investor's community, PPCS.A.clarifies the following:

-          Customers' overdues, excluding settlements, were reduced during the first two months of 2017 to € 2.2 billion.

-          Cash and cash equivalents of the Group on 31.12.2016 amounted to € 501 million.

-          The average cost of debt of the Group in 2016 was reduced to 4.64% from 4.81% in 2015, and

-          During the last three years, the Company has carried out capital expenditure of an average of  €750 million per year, for the modernization of its networks and the upgrading of its generation potential.

Athens, April 13, 2017