ANNOUNCEMENT
PPC SA. announces hereunder that it has denounced, as of October 23rd, 2008, its power supply relationship with Aluminium S.A., as the latter did not meet the deadline set by PPC for paying in full its obligations outstanding from July 1st, 2008, in connection with the increase in the A 150 tariff, as set by the relevant ministerial decision.
However, acting in good faith, PPC granted a further deadline until Monday, November 3rd, 2008, in order for Aluminium S.A. to secure another power supplier.
Αthens, 23-10-2008