ANNOUNCEMENT
Comment on Press Article
With respect to a press article of 14.11.09 and in order to accurately inform the investor community, PPC S.A. announces that the increase in provisions in the 9months 2009 is exclusively attributed to the increase of bad debt (by €33 million) and the increase of litigation provision (by €9.6 million), whereas there was a decrease in provisions for slow moving materials (by €7.2 million), a fact which is in absolute contrast with the article's statements concerning "wrongful supplies" and problems in PPC's warehouses.
Athens, November 16, 2009