ABSTRACT OF MINUTES
OF THE 11th /18.4.2013 MEETING OF THE BOARD OF DIRECTORS

Subject: Fine imposed by RAE and payment of the equivalent PPC S.A. invoice

The Board of Directors approved the Company payment of the invoice no 55/31.12.2012 issued by PPC to HEDNO S.A., related to the amount of the fine imposed by the no 870/2011 RAE Decision, already paid by PPC S.A..

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Subject: Tender no 503203/20.7.2012 for the supply of three phase max-indicating electronic meters LV network scope.
Ratification of the results concerning the above mentioned tender and award of the relevant purchasing.

Concerning the tender no  503203/20.07.2012 that was released under open procedure, the Board of Directors approved the ratification of the results and the award for purchasing 23,000 pcs of  three phase max-indicating electronic meters of multiple zone tariffs for direct connection to the L.V. network scope,  to the typically and technically verified AITHIR EFARMOGES Limited Liability Company, for a fixed total price of  €1,476,600.00 (plus VAT), for delivery FREE of the material on its vehicle to the HEDNO S.A. Warehouse 2207 (70, Agias Annis str – Rouf).

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Subject: Tender no 503208/4.9.2012 for purchasing 20 KV single pole and three pole isolators with porcelain insulators [four (4) items].
Ratification of the results referring to the above mentioned tender and award of the relevant purchasing.

Concerning the tender no 503208/04.09.2012 released under open procedure, the Board of Directors approved the ratification of the results and the award for purchasing 3,880 pcs. –in total – of four (4) items of Single pole & Three Pole Isolators  to the typically and technically admissible VIMKA Limited Liability Company, for a total fixed price of € 880,425.00 (plus VAT) for the delivery FREE of materials on its vehicle to the defined Regional Warehouses of HEDNO S.A..

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Subject: Tender no  ΔΔ-195/25.4.2012 for the implementation of the Project : «New Distribution Center of closed type G.I.S.  in Keratea. Study, purchasing, construction, installation and operation of the Distribution Center and Civil Engineer’s Works in the relevant link».
Cancellation of the above tender.

The Board of Directors decided the cancellation of the Tender ΔΔ-195 for the Award of project construction: «NEW DISTRIBUTION CENTER OF CLOSED TYPE G.I.S. IN KERATEA. STUDY, PURCHASING, CONSTRUCTION, INSTALLATION, OPERATION OF THE DISTRIBUTION CENTER AND CIVIL ENGINEER’S WORKS IN THE RELEVANT LINK., due to serious changes in Company needs.

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Subject: Definition of approval limits for the conclusion of Project, Purchasing and Service Provision Contracts.

The Board of Directors decided the provision of approval competence to the General Managers of the Company for signing contracts up to the amount of five hundred thousand euros (500,000 €).

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Subject: Creation of economic conditions for the Personnel mobility so as to undertake tasks in different location.

The Board of Directors, with the purpose of the best use of the company personnel in combination with the mobility of personnel within the different Units in the regional territory, decided to undertake measures so as to face the expenses that emerge for the stuff when they undertake tasks in different location.