The Company in accordance with the article 278 of Regulation of Athens Exchange announces that on Friday 23/6/2006 took place in its headquarters the 6th Annual Regular General Meeting of shareholders of PPA S.A.
In the General Meeting were present 24 shareholders representing 18.559.093 shares out of 25.000.000 shares or percentage 74,24% of issued share capital. The regular General Meeting after discussion took the following decisions:
1. Approved the annual Financial Statements of the 6th corporate use from 1/1/2005 to 31/12/2005, accompanied by: a) the Board of Directors Annual Report and b) the Auditor's Report.
2. Discharged the Members of the Board of Directors and the Auditors from any responsibility for indemnification in relation to the 6th corporate use.
3. Approved the distribution of the annual profits and a dividend of ?0,15 per share for the corporate use of 2005. Dividends are entitled to the Company's shareholders as at the end of the Athens Exchange session of 10 August 2006. Ex-dividend date is Friday, 11 August 2006. As from that date, the company's shares will be traded at the ASE without a dividend right. The dividend shall be paid on 22 August 2006 by EFG EUROBANK Ergasias bank S.A.
4. Elected the auditing firm P.K.F. EYROELEGKTIKI SA CERTIFIED AUDITOR ACCOUNTANTS for the audit of the 7th corporate use (1/1/2006 - 31/12/2006), with regular auditor Mr Eftychio Hellinaki of Emmanouil (SOEL MEMBER No: 10591) and as his surrogate Mr Alexandros Sfarna of Petros (SOEL MEMBER No: 14841) and also approved the auditing company's fee.
5. Approved the remunerations and compensations of the Board of Directors members for the year 2005, according to the article 24 paragraph 2 of Law 2190/1920, as it is in force and pre-approved their remunerations-compensations for the corporate use 2006.
6. Ratified the election of Hlias Filippakopoulos and Georgios Kassimatis, as members of the Board of Directors of PPA S.A., following the decision of the Regular General Meeting of the shareholders of 30 June 2005 (regarding the increase of the Board of Directors members by two and the approval of amendment in the articles of Association according to the decision Κ2-9828/22-7-2005 of Vice Minister of Development) and the following decision 238/31-8-2005 of BoD/PPA S.A. The Board of Directors Members are elected from the General Meeting of Shareholders and the new members have been appointed from the main shareholder (Greek State) according to the relevant authentication of the above General Meeting for the rest of the term of the Board of Directors Members, namely until 28-5-2009.
7. Approved the election and hiring of Mr. Nikolaos Anastassopoulos as Managing Director after public proclamation of the position.