ABSTRACT OF MINUTES
OF THE 23rd /26.8.2014 MEETING OF THE BOARD OF DIRECTORS


Subject: Tender no 501401/29.4.2014 for HEDNO’s wood treatment and retreatment with creosote oil by the suppliers.
Ratification of the results of the above mentioned tender and award of the equivalent provision of service.

The Board of Directors approved for the tender no 501401/29.04.2014 with open procedure, the award of treatment and retreatment for 90,002 m³ of HEDNO’s wood with creosote oil by the suppliers to the typically and technically accepted tenderers below:

- the 70.10% of the total indicative quantity of each wood item to the Joint Venture “ELVIEX” limited partnership & S. PANAYIOTOU & ETETH S.A. – DRITSA KAGLI AVEE and

- the 29.90% of the total indicative quantity of wood item to KYRIAKOS & NIKOLAOS CHARAKIDIS S.A. – WOOD TRADE AND TREATMENT SOCIETE ANONYME with the distinctive title “KNC S.A.”

The total fixed indicative price for the above mentioned service is up to 15,067,735.99 Euros (plus VAT).

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