ANNOUNCEMENT
The Board of Directors of PPC S.A. at its meeting held on July 17, 2007, decided to designate three deputy Chief Executive Officers, as follows:
a) One deputy Chief Executive Officer, who will administer the general divisions of the Mines, Generation and Supply.
b) One deputy Chief Executive Officer, who will administer the divisions of Transmission and Distribution, the Islands' Network Operator and of the Testing, Research and Standards Center.
c) One deputy Chief Executive Officer, who will administer the general divisions of Finance, Human Resources & Organization as well as, the Administrative functions.
In addition, the Board of Directors approved the appointment of Mr. Nicolaos Chatziargyriou, executive member and vice president of the Board of Directors of PPC S.A., as deputy Chief Executive Officer responsible for the supervision of the divisions of Transmission and Distribution, the Islands' Network Operator and of the Testing, Research and Standards Center.
Athens, July 18, 2007