EXTRACTS OF MINUTES
OF THE 9th/11.5.2017 MEETING OF THE BOARD OF DIRECTORS


Subject: Convocation Notice of the Ordinary General Meeting of the Shareholder of HEDNO S.A.

The Board of Directors decided to convene the Company's Annual Ordinary General Meeting for Thursday June 22nd 2017, 11:00am, at the Company's Seat in Athens (20 Perraivou & 5 Kallirrois str, Postal Code 117 43) and invite sole shareholder, "PUBLIC POWER CORPORATION S.A. (PPC)".

-----------------------------------------------------------------


Subject: Approval of the Financial Statements for the period between 01.01.2017 – 31.03.2017, in compliance with the Financial Reporting Standards.

The Board of Directors approved the Financial Statements of HEDNO S.A. for the period between 01.01.2017 and 31.03.2017, which have been drawn up in compliance with the Financial Reporting Standards and consist of the following:
• Income Statement
• Financial Position Statement
• Total Income Statement
• Cash Flow Statement
• Changes in Equity Statement
• Notes accompanying the aforementioned financial statements and being an integral part thereof.

-----------------------------------------------------------------


Subject: Approval of the Business Plan drafted by HEDNO S.A. for the period between 2017-2021.

The Board of Directors approved the Business Plan drafted by HEDNO S.A. for the period between 2017-2021.

-----------------------------------------------------------------


Subject: Tender No. ΔΔ-207/21.10.2015 for execution of the following Project: “Pilot Remote Readings and Management System for the Electric Power Supply Demand by Residential and Small Commercial Consumers and Implementation of Smart Grids”.
Suspension of execution of the Board of Directors resolution no. 1/12.1.2017 in compliance with resolution no. 22/2017 issued by the Suspension Committee of the Council of State

Upon reviewing the preliminary action, the Board of Directors requested that applicant INTRAKOM TELECOM clarifies certain details of the bid offered for tender no. ΔΔ-207 in compliance with resolution no. 22/2017 of the Suspension Committee of the Council of State.

-----------------------------------------------------------------