ANNOUNCEMENT
"PUBLIC POWER CORPORATION SA" announces that, the 7th Annual General Meeting of the Shareholders, was held on Thursday, 25 June 2009, with a quorum of 55.9%. The following items were discussed and approved by the Annual General Meeting of Shareholders:
ITEM ONE: Approval of PPC S.A.'s stand alone and consolidated Financial Statements for the 7th fiscal year (from 1.1.2008 to 31.12.2008) as well as approval of the unbundled Financial Statements pursuant to article 20 of Law 3426/2005.
ITEM TWO: Approval of non distribution of dividend for the fiscal year from 1.1.2008 to 31.12.2008.
ITEM THREE: Release of the members of the Board of Directors and of the chartered accountants from any responsibility for compensation concerning the fiscal year from 1.1.2008 to 31.12.2008 pursuant to article 35 of Codified Law 2190/1920.
ITEM FOUR: Ratification of appointment of the new members of the Board of Directors and their capacity.
ITEM FIVE: Amendment of the articles 10, 11, 12, 18, 20, 21, 23, 24, 25, 26, 30, 31, 32, 34, 35, 36 and abolition of chapter G - article 37 of the Articles of Incorporation.
ITEM SIX: Approval of the remuneration and compensation paid to the Members of the Board of Directors of the Company for the fiscal year from 1.1.2008 to 31.12.2008 and pre-approval of the gross remuneration and compensation for the fiscal year from 1.1.2009 to 31.12.2009.
ITEM SEVEN: Appointment of chartered accountants for the fiscal year from 1.1.2009 to 31.12.2009 pursuant to articles 31 and 32 of the Articles of Incorporation of the Company and approval of the chartered accountants remuneration for the abovementioned fiscal year.
ITEM EIGHT: According to the provisions of L. 3693/2008 (art. 37), the General Assembly appoint Messrs Panagis Karellas, Michail Kefalogiannis and Georgios Mergos as the three members of the company?s Audit Comittee, which are non-executive BoD members.
Athens, 25-6-2009