In line with PPC's policy to provide reliable and timely information, the company announces that, with respect to the evolution of PPC financial performance for 2008 and based on the current data, the financial results of the second half of 2008 are expected to be worse than those of the first half.

The reason for this estimate is that the increase of expenses for imported fuels (oil, natural gas), purchases from third parties in order to fully meet demand, as well as increased expenses for CO2 emission rights, significantly exceed our initial estimates and more than offset the increase in revenues stemming from higher sales and tariff increases during the last 12 months.

All other operational expenses remain within budget.