Replacement of non executive member in the Board of Directors’ of PPC S.A.

PUBLIC POWER CORPORATION S.A.



                                                                                ANNOUNCEMENT


The Board of Directors' of the "PUBLIC POWER CORPORATION S.A." at the meeting of November 16, 2004 elected, pursuant to article 10, paragraph 5a) of the company's statute, Mr. Demetrios-Antonios Maniatakis, non executive member, in the position of the extinct member George Kontaxis and for the remainder tenure of office.


ATHENS 17/11/2004