Concerning various articles about audit findings for projects executed during the period 2007 - 2009

Piraeus, 06.03.2015

Concerning various articles about audit findings for projects executed during the period 2007 - 2009 and which first PPA SA has since 2012 sent to the prosecuting authorities, the following are known:

1.In the PPA no audit opinion has been delivered on the listed topics.

2.All the articles related with projects, which were carried out in period 2007-2009, before assuming the duties of the current administration.

3.In contrast, it was the current administration of PPA since 2012, which sent first the relevant files to prosecutors to investigate any responsibilities, after secured the economic claims of the company.

4.The PPA 2013 has ordered Sworn Administrative Inquiry against employees, whom even removed from their posts, until the completion of prosecutorial investigations.

5.No damage from the listed projects caused to PPA. The company obliged the contractor companies with "Extrajudicial obligations recognitions", which they have signed, to return back, with interest and VAT all requirements.

6.All manipulations of the PPA S.A. administration approved by the Board and the General Assemblies, based on the total protection of the public interest.

All who through leaks and contractor disputes want to promote interests should expect the total judicial investigation into alleged. So those who think that by devaluing the company they will promote easier its selling policies.