Consolidated Report on payments to governments

ANNOUNCEMENT

Consolidated Report on payments to governments

(pursuant to article 6, L.3556/2007, as in force)

PPC S.A., pursuant to the provisions of article 6 of Law 3556/2007, as in force, informs the investor community that due to its mining activities in lignite fields, its expenses that were recorded in 2015 amounted to € 75.4 mln, on a consolidated basis, out of which € 30.5 mln was paid in 2015 to Central Government Bodies, regional and local government authorities, as well as to legal entities governed by  private law, which are 100% owned by the Greek State. 

The above-mentioned amounts break down as follows:

-     € 38.8 mln expense for the Special lignite levy (€ 2/ΜWh), out of which € 22.4 mln were paid in 2015.

-     € 28.4 mln expense for the Special levy for the development of areas where electricity is generated from lignite power plants, which was not paid in 2015.

-     € 7.8 mln expense for archaeological excavation, out of which € 7.7 mln were paid in 2015.

-     € 0.4 mln expense for other taxes & duties, which was paid in full in 2015.   

Athens, July 26, 2016