EXTRACTS FROM THE MINUTES
OF THE 21st/4.11.2016 MEETING OF THE BOARD OF DIRECTORS 
 
 
Subject: Approval of the Financial Statements for the period between 01.01.2016 – 30.09.2016, in compliance with the Financial R eporting Standards.

The Board of Directors approved the HEDNO S.A. Financial Statements for the period between 01.01.2016 and 30.09.2016, which have been drawn up in compliance with the Financial Reporting Standards and incorporate:
1. Financial statements consisting of the following elements:
• Income statement
• Financial position statement
• Total income statement
• Cash flow statement
• Changes in equity statement

2. Notes accompanying the aforementioned financial statements and being an integral part thereof.

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Subject: Contracts 5085012/1.6.2016 and 5085011/21.6.2016 with TOSHIBA TRANSMISSION & DISTRIBUTION SYSTEMS (India) Pvt. Ltd (TTDI) and SCHNEIDER ELECTRIC Α.Ε.Β.Ε. respectively, for the supply of three-phase distribution transformers and parts thereof.
Amendment to terms of the aforementioned Contracts.

The Board of Directors approved amendments to paragraphs:
• 9.2.1. SUBMISSION OF TYPE TEST CERTIFICATES AND SPECIAL TEST CERTIFICATES PRIOR TO THE SERIES PRODUCTION, and
• 5 MANNER AND TIME OF ORDER PLACEMENT - IMPLEMENTATION OF BATCH DELIVERIES – 1st batch delivery
of the Special Terms set out in Contracts 5085012/1.6.2016 and 5085011/21.6.2016.

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Subject: Approval of prize to be awarded to children of active and retired company employees for excelling in their studies.

The Board of Directors' approval decision states that it will be an annual prize which will be awarded to children of HEDNO's active and retired employees based on their performance in the academic year preceding the year of award and will involve a commendation and a commemorative gift reflecting the efforts that led to the outstanding performance of these children.

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Subject: Tender No. 502504/9.6.2015 concerning the supply of cables and pipes.
Validation of results of the aforementioned tender and assignment of the respective supply.

The Board of Directors has granted validation of results of the tender No. 502504/09.06.2015, which was carried out in the form of a restricted procedure, concerning the supply of cables and pipes and assignment of materials (23 items) described therein to the below formally acceptable lowest bidders per item, as follows:

 "ΕΛΛΗΝΙΚΑ ΚΑΛΩΔΙΑ Α.Ε." (CABLEL S.A.), items 2 & 3 from Group Α, item 3 from Group Β, items 2, 5 & 6 from Group C, item 2 from Group D, items 2 & 5 from Group Ε and items 5 & 6 from Group F, for a total price of € 34,380,035.50 (plus V.A.T.)

 "ΝΕΧΑΝS EΛΛΑΣ Α.Β.Ε." (NEXANS HELLAS S.A), item 1 from Group Α, items 1, 4 & 7 from Group C, item 1 from Group D, items 3 & 4 from Group Ε and item 3 from Group F, for a total price of € 28,274,076.80 (plus V.A.T.)

 "ΚΑΛΩΔΙΑ ΞΑΝΘΗΣ Α.Ε." (KALODIA XANTHIS S.A.), item 3 from Group C, item 1 from Group F and both (2) items listed under Group G, for a total price of € 10,355,120.00 (plus V.A.T.).

The above assignments of a total value of € 73,009,232.30 have been approved for the materials deliverable to the suppliers' warehouse and will transported on HEDNO's vehicle under the terms of the call for tender No. 502504/09.06.2015, the bids and related correspondence.

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