EXTRACTS OF MINUTES
OF THE 26TH/9.11.2018 MEETING OF THE BOARD OF DIRECTORS

Subject:
- Establishment of the Board of Directors
- Appointment of CEO
- HEDNO S.A. representation
- Assignment of responsibilities

The Board of Directors has made the following decisions:

1. the establishment of the Board of Directors upon the election by the 2.11.2018 Special General Meeting of the Shareholder of the Company of Mr Stefanos Oktapodas as a new board member
2. the appointment of Mr Stefanos Oktapodas of Nikolaos as a CEO.

The Board of Directors shall consist of:
1. Nikolaos Chatziargyriou, Professor at the School of Electrical and Computer Engineering of the National Technical University of Athens (EMP), Chairman of the Board of Directors,
2. Oktapodas Stefanos, Entrepreneur, CEO,
3. Misdanitis Athanasios, Economist, Deputy CEO,
4. Aggelopoulos Georgios, Economist, Consultant,
5. Dimitriou Vassilios, Electrical Engineer, Consultant,
6. Kostakis Grigorios, Electrical Engineer, Consultant,
7. Masouras Konstantinos, Representative of the Employees, Consultant,
8. Spanou Lambrini, Electrical Engineer, Consultant,
9. Tsekeris Dimitrios, Mechanical Engineer, Consultant.

The term of all eight board members will end on 16.8.2021.
The term of the – Representative of the Employees will end on 23.6.2019.

Regarding the assignment of responsibilities - HEDNO S.A. representation, the following BoD decisions are in force and validated:

1. 328/22.10.2015

2. 327/22.10.2015

3. 139/5.12.2013, para. 3

4. 46/18.4.2013

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