GEK TERNA S.A.

Announcement

The Company makes known that in the published Intermediate Financial Reports of the First, Second and Third Trimester of 2005 as well as in the published Financial Data and Information about the same periods, amortizations amounting to 200.000 Euros per Trimester have mistakenly not been calculated. These amortizations are settled in the final Financial Report of 31.12.2005. Consequently, the results are worsened by 145.000 Euros per Trimester, taking also into consideration the postponed taxation. The respective deterioration compared to the results of the previous fiscal year amounts to 582.000 Euros, as analyzed in note 3.kg of the Notes on the Yearly Consolidated Financial Report, which are registered in the website of our Company www.gek.gr.