The Board of Directors of PUBLIC POWER CORPORATION S.A., decided the convergence of the 2nd Annual General Meeting of Shareholders on 20 April 2004, the same date the Extraordinary General Meeting of majority shareholder will take place for the retraction of members of Board of Directors of the Company and election of new members according to the article 10 paragraphs 2a Articles of Incorporation of the Company.

The Management of PUBLIC POWER CORPORATION SA intends to propose in the 2nd Annual General Meeting of Shareholders the payment of 0.70 Euro per share dividend for the fiscal year 2003