Financial Report (January 1, 2010 - December 31, 2010)

STATEMENT OF MEMBERS OF THE BOARD OF DIRECTORS(According to article 4, par.2 of Law 3556/2007)1. Arthouros Zervos, Chairman and C.E.O. of P.P.C. S.A.2. Evaggelos Petropoulos, Vice Chairman BoD,3. Apostolos Baratsis, Member of the Board of Directors and Deputy CEO,herebydeclarethat, to the best of our knowledge:a) the accompanying Financial Statements of the Parent Company and the Group, for the yearended December 31, 2010, which were prepared according to the International AccountingStandards – currently in effect- as adopted by the European Union, are truthfully depicting assets,liabilities, equity and the statement of income of Public Power Corporation S.A., as well as thecompanies included in the consolidation, according to the provisions of article 4 of Law 3556/2007and,b) the accompanying Board of Directors’ Report, truthfully depicts the development, the performanceand the status of Public Power Corporation S.A. and the companies included in the consolidation,as well as a description of the confronted major risks and uncertainties.Athens March 28, 2011Chairman and C.E.O.Vice Chairman BoDMember of the Board andDeputy CEOArthouros Zervos Evaggelos Petropoulos Apostolos Baratsis3