Announcement

Public Power Corporation S.A. (PPC S.A.) announces that the evaluation of the first phase of the tendering process for the acquisition of the 49% of the share capital of HEDNO (DEDDIE) has been completed. The Board of Directors of PPC, approved the evaluation of the participants, based on which, the parties who qualify - according to the criteria set in the Invitation for the Expression of Interest - to participate in the second phase of the process are (in alphabetical order):

• ADRIAN Infrastructure Funds
• BCI –  British Columbia Investment Management Corporation
• BLACKROCK – BlackRock Alternatives Management, L.L.C
• CVC Capital Partners – Advisers Company, S.a.r.l.
• F2i – Fondi Italiani per le Infrastructure SGR S.p.A
• First Sentier Investors EDIF III GP S.a.r.l.
• KKR –  Kohlberg Kravis Roberts & Co. L.P.
• MACQUARIE Group Limited
• OHA –  Oak Hill Advisors LLP

In the second phase, qualified parties will conduct due diligence and will be asked to submit binding financial offers for the acquisition of the 49% of the share capital of HEDNO.

Athens, April 6, 2021