ANNOUNCEMENT
"PUBLIC POWER CORPORATION SOCIETE ANONYME" announces that, the Special Meeting of the Minority Shareholders, was held on Thursday, December 17, 2009. The 252 Shareholders representing 27,061,741 shares (23.87% of a total of 113,394,886 shares of the Minority) discussed and decided on the following item of the Agenda:
"The election of two (2) new Minority Shareholders' representatives in the Board of Directors, according to Art. 10, par. 2, section c, of the Articles of Incorporation of the Company, in replacement of resigned Members of its representatives' members Mr. Panagis Karellas and Mr. Michael Cortessis.
The minority representatives elected are:
- Mr. Panayiotis Alexakis (Associate Professor at the Department of Business and Finance, Faculty of Economics of the University of Athens, former President and CEO of the Athens Stock Exchange) and
- Mr. Ioannis Katsoulacos (University Vice Rector for Academic Affairs and Professor of Economic Science of the Athens University of Economics and Business).
The new members are elected for a three years term which expires on December 16, 2012."
Αthens, December 17, 2009