Investor Relations - 20.07.2007

About Aliveri Call for Tender

ANNOUNCEMENT

PPC SA received today 20-7-2007 a letter dated 18-7-2007 by the Internal Market and Services Directorate General of the European Commission, on the complaint about the Tender for the supply and installation of a 400 MW Unit at Aliveri.

The E.U. competent authorities have come to the conclusion that "at this stage they do not possess evidence proving a breach of Community Law on public procurements concerning the issues addressed by the complaint in question".

Athens, July 20, 2007