ANNOUNCEMENT
PPC S.A. announces that it submitted, on September 22, 2010, the file with the Expression of Interest for the selection of Strategic Partner for the construction and exploitation of four hydro power plants (with a total installed capacity of 238MW) at the Drina River in the administrative sector of the "Republic of SRPSKA" in Bosnia Herzegovina.
PPC is the only company participating in the process from a total number of ten firms that were initially interested in the project. The responsible Committee will convene in the future to decide whether PPC meets the prequalification criteria. In the case that PPC is prequalified, it will then enter into the second phase which relates to the negotiation process.
PPC's potential activities in the "Republic of SRPSKA" in Bosnia - Herzegovina are supported by a consortium with the participation of Quantum Corporation Limited and Bank of Cyprus.
PPC will proceed with further announcement as soon as the second phase begins.
Athens, September 23, 2010