Investor Relations - 04.07.2007

Completion of the tax audit for the fiscal years 2004 and 2005

PPC S.A. announces that the tax audit for the fiscal years 2004 and 2005 has been completed, resulting in income tax assessments of Euro 15,991,766.23. This amount will not affect the full year 2007 results, as adequate relevant provisions have been made in the aforementioned years.

Athens 4-7-2007