ANNOUNCEMENT
Commenting on articles published concerning the alleged delay of PPC in settling overdue payments to DEPA and for accurately informing the investors’ community, PPC clarifies the following:
PPC has always settled in full and within its contractual deadlines its financial obligations to DEPA in connection with their bilateral agreement for natural gas supply.
In addition, within the context of settlement of financial disputes between the two companies with respect to previous years and up to 31.12.2011, it was agreed that DEPA owes to PPC a net amount of € 94.1 million.
Athens, November 28, 2012