IPTO: Full coverage of the share capital increase

Acceleration of investments in interconnections and digital modernisation of the system - The capital needs of the group are already identified and no additional resources are required beyond the 1 billion provided for by the APM - At 70 million the participation of Capital Group by obtaining 4%

Clearances on the financial structure of major interconnection projects and on the increase of share capital which the management of IPTO has announced have provided, in response to questions from analysts and journalists.

At the centre was the participation of the Greek State and the way investment was financed. The administration stressed that a financial structure has been formed that achieves "the right balance between equity and borrowing", following established international practices.

At the same time, it has been clarified that the group's capital needs are already identified and that no additional resources are required beyond the 1 billion provided for by the PMP. As noted, the business plan has been approved by the regulator and the raising of funds is done solely for its implementation.

As regards the capital increase, the management stated that the Cornerstone investor's offer that is Capital Group is specific and amounts to 70 million euros by obtaining 4% of the IPTO. A special reference was made to the protection of existing shareholders, as they would be entitled to preferential participation in the increase, without being subject to impairment of their percentage, if they choose to participate proportionately.