EXTRACTS OF MINUTES
OF THE 7th/6.4.2017 MEETING OF THE BOARD OF DIRECTORS


Subject: Approval of the Annual Report for Fiscal Year 2016.

The Board of Directors approved the HEDNO S.A. Annual Report for the period between 01.01.2016 and 31.12.2016, drawn up in compliance with the Financial Reporting Standards and consisting of:

1. Financial Statements including:
• the Annual Accounts Statement
• the Total Income Statement
• the Financial Position Statement
• the Changes in Equity Statement
• the Cash Flow Statement

2. Notes accompanying the aforementioned financial statements and being an integral part thereof.

3. Additional Accounting Financial Statements (as appendix to the Financial Statements) for the same period. These include Balance Sheets and Profit & Loss Reports for the following three (3) activities: a) Network Management b) Inter-Connected Islands Electrical Systems Management and c) Other Activities

4. The BoD Report.

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Subject: Approval of regulations pertaining to the transportation of HEDNO S.A. staff within the country and out of the country.

The Board of Directors approved amendment of the regulations regarding payment of Off-Site Penalty Allowances during off-site time worked in Greece or abroad.

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Subject: Approval of new standards issued for the selection of procurement contracts.

The Board of Directors has concluded the approval of new standards issued for the selection of procurement contracts.

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