Investor Relations - 15.12.2005

Mr. Konstantinos Kyriakopoulos new Chairman of the BoD of PPC S.A.

PUBLIC POWER CORPORATION S.A.

                                                                 ANNOUNCEMENT


On December 15, 2005 the Board of Directors of "Public Power Corporation S.A.", appointed, following the approval granted by the competent Parliamentary Committee, Mr. Konstantinos Kyriakopoulos as Chairman of BoD.

The new Board of Directors of PPC S.A. are as follows:

1. Mr. Constantine Kyriacopoulos, Chairman BoD (non executive member)
2. Mr. Dimitrios-Antonios Maniatakis, C.E.O. (executive member)
3. Ms. Paraskevi Athanassia (non executive member)
4. Mr Charalambos David (non executive member)
5. Mr. Spiridon Theodoropoulos (representative of the minority - non executive member)
6. Mr. Panagiotis Loftsalis (representative of employees - non executive member)
7. Mr. Evaggelos Magirou (non executive member)
8. Mr. Ioannis Manos (representative of the minority - non executive member)
9. Mr. George Mergos (non executive member)
10. Mr. Ioannis Panagopoulos, (representative of OKE* - non executive member)
11. Mr. Anastasios Petrou (representative of employees - non executive member)

* OKE: Greek Economic and Social Committee

Athens, December 15, 2005