EXTRACTS OF MINUTES
OF THE 14th/03.08.2017 MEETING OF THE BOARD OF DIRECTORS


Subject: Approval of termination of lease for the properties located on Kapodistriou and Roumelis Street in Alsoupoli, Nea Ionia and 102 Tatoiou, Plastira and Kolokotroni Street, Nea Erithrea.

The Board of Directors approved termination of the lease agreements and their transfer to lessors:

• Charalampos Fil. Kampouroglou and Georgios Fil. Kampouroglou for the property on Kapodistriou and Roumelis Street in Alsoupoli, Nea Ionia with a total area of 1.781,87 m2 and an open area of 878,28 m2, without payment of early termination fee (12-year term has been completed).
and
• DELLIOS S.A. for the property on 102 Tatoiou, Plastira and Kolokotroni Street, Nea Erithrea, with a total area of 795 m2 and payment of one monthly rental fee of 6.675€.

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Subject: Approval of the Financial Statements for the period between 01.01.2017 – 30.06.2017, in compliance with the International Financial Reporting Standards.

The Board of Directors approved the Financial Statements of HEDNO S.A. for the period between 01.01.2017 and 30.06.2017, which have been drawn up in compliance with the International Financial Reporting Standards and include 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.

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Subject: Tender no. 508504/25.6.2015 for the repair of 20-15/0.4 kV and 20/0.4 kV distribution transformers with a capacity ranging between 50 kVA and 1,000 kVA.
Cancellation of the tender pertaining to the procurement of services by SCHNEIDER ELECTRIC S.A. in line with amendment to decision no. 1155/1.12.2016 issued by the Board of Directors.

The Board of Directors has decided to cancel the assignment for the procurement of services by SCHNEIDER ELECTRIC S.A. that was concluded through tender no. 508504/25.6.2015 pertaining to the repair of 20-15/0.4 kV and 20/0.4 kV distribution transformers with a capacity ranging between 50 kVA and 1,000 kVA, taking into account all consequences including forfeiture of the €65.000,00 Tender Guarantee to HEDNO.

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Subject: Tender no. 507605/30.9.2016 for the procurement of 3x4,3 MVAr three-phase capacitor banks for outdoor installation, 4MVAr capacitor banks for indoor installation, single pole vacuum switches, capacitors and 20kV 80μΗ 150Α dry-type reactors.
– Change of the legal form of Powertec, from Ltd. to S.A.
– Validation of results of the aforementioned tender and assignment of the respective procurement.

The Board of Directors has decided:

to carry forward the procedure, following change of the name of the company that participated in 507605 to POWERTEC S.A., validate the results of tender 507605/30.9.2016 and assign the following procurement:

• 14 three-phase 3 Χ 4,3 MVAr capacitor banks for outdoor installation (with spare capacitor units, spare fuses and CTs), 2 capacitor banks (with spare units and spare fuses) and 126 reactor units, to the lowest bidder, Powertec S.A., for a total fixed price of €486.871,00, for delivery of the items FREE ON TRUCK to HEDNO S.A. Warehouse 1028 in Kalistiri, on vehicle owned by the supplier, and
• 110 single pole vacuum switches, to the lowest bidder ABB S.A., for a total fixed price of €98.450,00, for delivery of the items FREE ON TRUCK to HEDNO S.A. Warehouse 1028 in Kalistiri, on vehicle owned by the supplier.

This assignment enters into force under the terms of tender no. 507605, the offer made by Powertec S.A., the offer made by ΑΒΒ S.A. and all relevant correspondence.

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Subject: Agreement no. 5072051/17.2.2015 with SABO ELECTRIC S.A. for the procurement of Distribution Panels for Substations and Substation Customers I and II.
Increase in the number of pieces described in the aforementioned Agreement and change of delivery times.





The Board of Directors has approved the procurement of an additional number of items regarding Agreement 5072051/17.02.2015 for the price of €2.023.651,84 and changes in the delivery time of the additional load.

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Subject: Tender no. 502510/31.3.2016 for the procurement of Low Voltage 4x120 mm2 Al + 25 mm2 Al self-supporting insulated cable parts.
Validation of results of the aforementioned tender and assignment of the respective procurement.

The Board of Directors:

1. Validated the results of tender 502510/31.03.2016 and assigned the procurement of items to the following companies (formally and technically acceptable lowest bidders listed per type of supply):

• VIMAR IKE assigned with list items α/α 1, 2 & 3 for a fixed price of €1.150.200,00 (plus VAT) payable for the delivery of the items to the HEDNO S.A. Regional Warehouses described in the APPENDIX of the tender announcement, on vehicle owned by the supplier.

• ENIA S.A. assigned with list item 4 for a fixed price of €370.656,00 (plus VAT) payable for the for the delivery of the items to the HEDNO S.A. Regional Warehouses described in the APPENDIX of the tender announcement, on vehicle owned by the supplier.

The total value of the aforementioned assignments is€1.520.856,00 (plus VAT).

2. Approved possible exercise of right of option at a maximum of +50%.

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Subject: Agreements no. ΔΔ-206/2152116/2.6.2015, ΔΔ-206/2152122/2.6. 2015, ΔΔ-206/2152123/2.6.2015 and ΔΔ-206/2152124/2.6.2015 with DOMOTECHNIKI S.A. for implementation of the following Projects: Area of Kozani Networks, Area of Central Thessaloniki Networks, Area of Eastern Thessaloniki Network and Area of Poligiros, respectively.
Partial replacement of DOMOTECHNIKI S.A. regarding the implementation of the Projects listed on the above mentioned Agreements.

The Board of Directors decided partial substitution regarding the implementation of the remaining works by DOMOTECHNIKI S.A., the Contractor responsible for the construction of the Area of Kozani Networks, the Area of Central Thessaloniki Networks, the Area of Eastern Thessaloniki Network and Area of Poligiros Networks, by ΕΡΤΕΚΑ S.A.

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