EXTRACTS OF MINUTES
OF THE 10th/25.5.2017 MEETING OF THE BOARD OF DIRECTORS

Subject: Approval for the "Extension of the Framework Agreement for coverage of PPC S.A. network fixed assets by IPTO (ADMIE)."

The Board of Directors decided to approve the "Extension of the Framework Agreement for coverage of PPC S.A. network fixed assets by IPTO (ADMIE)" and the accopanying annexes and decisions thereof for a period of time commencing on 1.1.2017 and ending on 30.9.2017 for a total estimated amount of € 9,450,000.

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Subject: Tender No. ΔΔ-207/21.10.2015 called 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”.
Appeal submitted by ΟΤΕ-INTRAKAT-INTRASOFT INTERNATIONAL for preliminary review procedures of the financial evaluation report on the above tender in compliance with resolution No. 22/2017 issued by the Suspension Committee of the Council of State.

The Board of Directors decided to dismiss the appeal submitted by OTE-INTRAKAT-INTRASOFT INTERNATIONAL for preliminary review procedures of the financial evaluation report on tender no. ΔΔ (Network Department) -207 called for appointing a contractor to implement the below Project: “Pilot Remote Readings and Management System for the Electric Power Supply Demand by Residential and Small Commercial Consumers and Implementation of Smart Grids”.

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Subject: Tender No. 517601/15.6.2016 called for the provision of the following services: “Cleaning services for buildings of HEDNO S.A. located in the Prefecture of Attica.
Preliminary review of the appeal submitted by "FACILITY EXPERTS I.K.E." on the Board of Directors' decision No. 599/23.3.2017 to validate results of the above tender and assign the respective services.

The Board of Directors approved dismissal of the appeal submitted by "FACILITY EXPERTS Ι.Κ.Ε." on the Board of Directors' decision No. 599/23.3.2017 to validate results of tender No. 517601/15.6.2016 and assign the contents of same to "MANIFEST SERVICES A.E.Π.Υ.", further finding such appeal as inadmissible, as the above had already appealed against the aforementioned Company on the same grounds and such appeal had been dismissed.

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Subject: Tender No. 514506/8.1.2016 called for the supply of linemen climbers, body harnesses and body belts, and suspenders.
Validation of results of the aforementioned tender and assignment of the respective procurement.

With regard to Tender No. 514506/8.1.2016 called in the form of an open procedure, the Board of Directors has approved the following:

1. as regards the supply of materials under Group A (linemen climbers), to award tender No. 514506/8.1.2016 to ΤΕΧΝΟΠΛΑΝ ΑΕΒΕ (TECHNOPLAN Α.Ε.Β.Ε.) whose bid was found to be formally and technically acceptable for a total price of € 371,545.02 (plus V.A.T.), payable for the delivery of the materials to 9102 HEDNO S.A. Warehouse in Peristeri, Attica, to be transported by supplier's vehicle as described in detail in the respective Assignment Table Ι

2. as regards the supply of materials under Group B (body harness and body belts) and materials under Group C (suspenders) to award tender No. 514506/8.1.2016 to ΕΥΡΕΛΚΟ ΑΕΒΕ (ΕVRELKO S.A.) whose bid was found to be formally and technically acceptable for a total price of € 229,900.00 (plus V.A.T.), payable for the delivery of the materials to 9102 HEDNO S.A. Warehouse in Peristeri, Attica, to be transported by supplier's vehicle as described in detail in the respective Assignment Table ΙI

3. that the total award price for the tender shall amount to € 601,445.02.

4. that the term of the Contracts to be signed shall be three (3) years from the day that they become effective

5. possible exercise of right of option at a maximum of +50% as regards materials under Groups A and C.

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Subject: Tender No. 515606/20.10.2016 called for the supply of vehicle fuels for HEDNO S.A. facilities.
Validation of results of the aforementioned tender and assignment of the respective procurement.

With regard to Tender No. 515606/20.10.2016 called in the form of an open procedure, the Board of Directors has approved the following:

1. to validate the results of Tender No. 515606/20.10.2016 and assign supply of 6,000,000 lts of diesel and 1,305,600 lts of unleaded petrol to the sole bidder ΕΚΟ ΑΒΕΕ on a credit purchase basis through the use of EKO cards, be granted access to and use the automated fuel management system for a total price of € 7,459,776.00 (plus V.A.T).
The purchase price of fuels shall be the retail one offered at the relevant filling stations.
EKO will offer HEDNO S.A. a year-end comsumption bonus of € 14.00 / 1,000 lts.
The year-end comsumption bonus will be provided by calculating the total annual consumption within sixty (60) days from issuance of the latest aggregate monthly debit report on HEDNO S.A. purchase for December –today titled "Summary Corporate Card Account"– and by presenting ΕΚΟ ΑΒΕΕ with the document required (Invoice for Provision of Services)

2. that the term of completion of service shall be two (2) years with HEDNO S.A. holding the right of option to extend the contractural term by one (1) year regardless of whether it will exercise the right of option to increase/reduce the contractual cost from -30% up to +50%.

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Subject: Postponement of the date on which regulations on HEDNO S.A. staff journeys both in Greece and abroad will become effective, in line with amendment to the Board of Directors' decision No . 707/6.4.2017.

The Board of Directors decided to postpone the effective date for BoD decision No. 707/6.4.2017 by one (1) month, i.e., as of 01.7.2017.

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Subject: Approval of termination of lease of building located at 84, Amfitheas Ave. and 23, Agias Triados street in Palaio Faliro.

The Board of Directors approved termination of lease of agreement and return of the 3-storey property covering a total area of 1,769 m2 and an open area of 400 m2, located at 84, Amfitheas Ave. and 23, Agias Triados street in Palaio Faliro to lessor COPA ΚΤΗΜΑΤΙΚΗ Α.Ε. (COPA KTIMATIKI S.A.) compensating the above with an amount equal to the lease amount of one month, namely, € 15,997.80.

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Subject: Approval of exercise of right to extend term of lease for properties located at 20, Perraivou & 5 Kallirrois str. and 49, Syggrou Ave., Athens.

The Board of Directors approved exercise of the right to extend term of lease agreed upon in Lease Agreements of 5.8.2011 and 21.10.2011 for properties located at 20, Perraivou & 5 Kallirrois str. and 49, Syggrou Ave., Athens, for a further period of six (6) years commencing on 18.10.2017 and 25.10.2017 respectively.

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Subject: Tender No. 501504/27.10.2015 called for the supply of synthetic suspension and support insulators.
- Bid rejected.
- Validation of results of the aforementioned tender and assignment of the respective supply.

The Board of Directors approved the following:

1. to reject the bid submitted by ΔΙΓΕΝΗΣ ΑΕΒΕ (DIGENIS AEBE) as non-acceptable for formality reasons

2. to reduce the tendered quantity of item 1 (synthetic suspension insulators) by 30%, namely, by 32,403 pieces, of a planned value of € 346,712.10; also, to reduce the tendered quantity of item 2 (synthetic support insulators) by 30%, namely, by 57,603 pieces, of a planned value of € 771,880.20

3. to validate the results of Tender No. 501504/27.10.2016 that was called in the form of an open procedure for the supply of synthetic supension and support insulators and to assign 70% of the tendered quantity of the two (2) types of synthetic insulators to the below companies –per order of listed item- whose bids were found to be technically acceptable, as follows:

• ΒΗΜΚΑ ΕΠΕ (VIMKA LTD): 75,607 pieces of synthetic supsension insulators (item 1) for a total fixed price of € 808,994.90 (plus V.A.T.)

• ΜΙΧΑΛΗΣ ΤΣΑΚΟΓΙΑΝΝΗΣ ΑΒΕΕ - ΒΗΜΚΑ ΕΠΕ (MICHΑLIS TSAKOGIANNIS S.A.: 134,407 pieces of synthetic support insulators (item 2) for a total fixed price of € 1,987,879.53 (plus V.A.T.)

The total value of the aforementioned assignments for deliverables specified in the Annex of the tender concerning HEDNO S.A. Regional Warehouses, to be transported by suppliers' vehicles amounts to € 2,796,874.43 (plus V.A.T.).

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