Announcement

Wind parks 69.7 MW of PPC S.A. and VOLTERRA S.A.

PPC S.A. (through PPC Renewables S.A.) and VOLTERRA a subsidiary of AVAX Group agreed in the joint development and operation of wind parks with total capacity 69.7MW. Specifically, PPC is in the process of acquiring the 45% of the share capital of Volterra's two SPVs, the first of which owns two wind parks of 16 MW total capacity in Etoloakarnania region which are already operational at a FiP of 98 EUR/MWh and the second, two wind parks in Viotia region one with capacity 42.9MW with a FiP of 98€/MWh  and the other  10.8 MW capacity with a FiP of 56,45 EUR/MWh, whose construction will start soon.                                                                                                           

The above transactions are subject to the notification and approval of the Hellenic Competition Commission.

Athens, April 19, 2019