ANNOUNCEMENT
Following press articles relating to the management of PPC’s available cash, the Company clarifies that it has never been asked and has never, obviously, decided the transfer of cash to the Bank of Greece, as inaccurately mentioned in the articles.
Furthermore, it is clarified that the Company places its available cash through Greek commercial banks and based on the most competitive offers and risk diversification as well as taking into account cashflow needs for funding its operation and capex plan.
Athens April 30, 2015