EXTRACTS FROM THE MINUTES
OF THE 13th/29.6.2016 MEETING OF THE BOARD OF DIRECTORS 
  

Subject: - Election of employees' representative as a member of the
Board of Directors of HEDNO S.A.;
- Establishment of the Board of Directors;
- HEDNO S.A. representation – Delegation of authority.

The Board of Directors has made the following decisions:
in accordance with the procedures of May 18th, 2016, establish the Board of Directors following election of Mr. Masouras Konstantinos, as HEDNO S.A. BoD member, representing the company's employees.

The Board of Directors shall consist of the following persons:
1. Chatziargyriou Nikolaos of Dimitrios, Chairman & CEO, Executive Member
2. Margaris Ioannis of Dionysios, Vice Chairman, Executive Member
3. Spigkos Christos of Ploutarchos, Director and Deputy CEO, Executive Member
4. Dimitriou Vassilios of Nikolaos, Director, Non-Executive Member
5. Diamantis Stefanos of Panagiotis, Director, Non-Executive Member
6. Komninos Konstantinos of Efstratios, Director, Non-Executive Member
7. Masouras Konstantinos of Theofanis, Director, Non-Executive Member

As regards delegation of authority - HEDNO S.A. representation, the following BoD decisions are in force and validated:

1. 328/22.10.2015

2. 327/22.10.2015

3. 139/5.12.2013, para. 3

4. 46/18.4.2013

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