EXTRACTS FROM THE MINUTES
OF THE 16th/4.8.2016 MEETING OF THE BOARD OF DIRECTORS


Subject: Approval of the Financial Statements for the period between 01.01.2016 and 30.06.2016, in compliance with the Financial Reporting Standards.

The Board of Directors approved the HEDNO S.A. Financial Statements for the period between 01.01.2016 and 30.06.2016, 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: Tender No. 507501/23.12.2015 for the supply of load SF6 remote terminal units or vacuum ones for overhead M.V. networks.
The above tender has been cancelled.

The Board of Directors decided to cancel the tender No. 507501/23.12.2015 for the supply of load SF6 remote terminal units or vacuum ones for overhead M.V. networks, of a total planned value of € 23,836,500.00 (plus V.A.T.).

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Subject: Tender No. 501607/23.6.2016 concerning the supply of centrifugal concrete poles.
Validation of results of the aforementioned tender and assignment of the respective supply.

In respect of tender No. 501607/23.06.2016 called in the form of a closed procedure, the Board of Directors has granted validation of results of this tender and assignment of the respective supply of the materials therein to PRECONSTRUCTA AEBTE, for a total amount of euro 995,010.00 (plus V.A.T.) payable for the delivery of the materials to the supplier's warehouse.

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