Announcement

Memorandum of Understanding PPC Renewables – SUMEC Group

PPCS.A.announces that a Memorandum of Understanding was signed on 23.8.2017 between PPC Renewables and the Chinese company SUMEC Group for the development of Renewables projects inGreeceand the wider region, as well as for the provision of energy services and especially in the field of power saving, where SUMEC Group has a high presence and experience.

The Chinese company SUMEC is part of the group of China National Machinery Industry Corporation (SINOMACH), which was founded in 1978. It is noted that CMEC is also part of the same group.

Athens, August 24, 2017