EXTRACTS OF MINUTES
OF THE 19th/2.11.2017 MEETING OF THE BOARD OF DIRECTORS


Topic: Contract, No. ΔΔ-206/2152117/9.6.2015, with “MYTILINEOS HOLDINGS SA” for execution of the following Project: “Florina Region Networks”, Macedonia - Thrace Directorate.
Price increase of the above Contract.

The Board of Directors decided on a price increase by EUR 804,000 for the Contract, No. ΔΔ-206/2152117/9.6.2015, concluded with “MYTILINAIOS HOLDINGS SA” for execution of the Project “Florina Region Networks”, Macedonia - Thrace Directorate, corresponding to 50%, under the same terms and the same 33% discount and coverage with the relevant performance bonds.

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Topic: Approval of the Financial Statements for the period 01.01.2017 – 30.09.2017, in compliance with the International Financial Reporting Standards.

The Board of Directors approved the Financial Statements of HEDNO S.A. for the period 01.01.2017 to 30.09.2017, which have been drawn up in compliance with the International Financial Reporting Standards and include the following:
• Income Statement
• Financial Position Statement
• Comprehensive Income Statement
• Cash Flow Statement
• Changes in Equity Statement
• Notes accompanying the aforementioned financial statements and being an integral part thereof.

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Topic: Contracts for the supply of non-impregnated wooden poles of various categories.
Increase of quantities and modification of the delivery time of the materials under the above Contracts.

The Board of directors approved the increase of the quantities of non-impregnated wooden poles of the following nine (9) Contracts:
• 5014081/13.06.2016 with ISAAKIDIS SA
• 5014082/17.05.2016 with KYRGOTASIS DIMITRIOS
• 5014083/24.05.2016 with A.D.S. VOVOUSA “I MORFA”
• 5014084/17.05.2016 with GOTTI STERGIOU & Co BROS general partnership
• 5014085/24.05.2016 with A.D.S. DISTRATO “O KORMOS”
• 5014086/13.06.2016 with NTOUKAS I. - TRAIKAPIS ATH. general partnership
• 5014087/13.06.2016 with PAPADIMITRIOU DIMITRIOS SINGLE-MEMBER PRIVATE COMPANY
• 5014088/13.06.2016 with S.TOMPOULIDIS SA
• 5014089/13.06.2016 with MAVROGIORGOU BROS general partnership

and modified the delivery time of the materials as follows:
“Said quantity (increase) shall be delivered in three (3) quarterly partial deliveries: the first (1st) partial delivery within three (3) months from the date the relevant Addendum entered into force and the other two (2) within three months from the expiry of the directly previous one”.

The total value of the aforementioned increases is EUR 3,116,897.65 (plus VAT).

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Topic: Termination of labour contract for employees meeting retirement conditions and attaining retirement age.

The Board of Directors decided to terminate for this year the labour contract of HEDNO SA staff entitled to pension and, furthermore, having attained the specific retirement age.

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