EXTRACTS OF MINUTES

OF THE 32th/18.12.2020 MEETING OF THE BOARD OF DIRECTORS

Item:   Termination of labour contract for employees meeting retirement conditions and attaining retirement age.

Voluntary redundancy incentive, employee compensation.          

For 2021, the Board of Directors concluded termination of the employment contract, with redundancy incentive, of HEDNO SA staff entitled to pension and, furthermore, have attained the specific retirement age.

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Item:   Submission for approval of the operating and investment budget of HEDNO S.A. for 2021.

The Board of Directors has approved the Operating and Investment Budget of HEDNO SA for 2021.

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Item:   Submission of approval for the extension by one year of “The Agreement - Framework for coverage of PPC S.A. network fixed assets by IPTO (ADMIE SA). - July 2018”.

The Board of Directors concluded the approval for the extension by one year of “The Agreement - Framework for coverage of PPC S.A. network fixed assets by IPTO (ADMIE SA). - July 2018 and the accompanying annexes and decisions, retrospectively for the period between 01.07.2020 and 30.06.2021, for the total estimated amount of 10,800.000 euros.

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