ABSTRACT OF MINUTES
OF THE 22nd/7.8.2014 MEETING OF THE BOARD OF DIRECTORS


Subject: Submission for approval of the Financial Statements for the period of 01.01.2014 –
30.06.2014, according to the International Financial Reporting Standards.

The Board of Directors approved the Financial Statements of HEDNO S.A. for the period from 01.01.2014 until 31.03.2014, concluded according to the International Financial Reporting Standards and include:

- Statement of Income
- Statement of Financial Position
-Statement of Comprehensive Income- Statement of Cash Flows
- Statement of Changes in Equity
- Notes to the Financial Statements that constitute their indispensable part.
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Subject: Contract no ΚΠΤ-0522010Α7822/31.12.2012 with “Deloitte Business Solution Chatzipavlos Sofianos & Kampanis Societe Anonyme of business consultants” for the implementation of the project: “Corporation’s adaptation to “Typical Procedures” of electronic economy an enterprising information of separated Group of Electricity Companies based on Regulative Requirements as well as planning, purchasing, installation, training and turnkey provision of services for support of ERP software”.
Purchasing of additional services and adaptation of the Project time schedule to the above mentioned Contract.

The Board of Directors approved the supplement No2 of the Contract ΚΠΤ-0522010Α7822/31.12.2012 for the project “Adaptation of the Corporation to “Typical Procedures” of electronic economy an enterprising information of separated Group of Electricity Companies according to Regulative Requirements as well as planning, purchasing, installation, training and turnkey provision of services for support of ERP software”.

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Subject: Tender no 502309/28.3.2014, with closed procedure for purchasing of Cables and Conductors.
Ratification of the above mentioned tender and award of the purchasing.

The Board of Directors approved the ratification of the results for the tender no 502309/28.03.2014 conducted with closed procedure for the purchasing of Cables and Conductors (23 items) and award of the items purchasing referring the above mentioned tender to the following tenderers the offers of which were considered as typically and technically acceptable:

 “HELLENIC CABLES S.A.”, the three (3) items of Group A, item 3 of the Group B and items 2, 3 & 7 of Group C, item 1 of Group D and item 3 of Group F, for total price of € 22,875,210.35 (plus VAT).

 “ΝΕΧΑΝS HELLAS ABE”, the items 1 & 5 of Group C, the item 2 of Group D, the item 2 of Group G, for total price of € 13,870,725.00 (plus VAT).

 “CABLES OF XANTHI S.A.”, items 4 & 6 of Group C, items 2, 3 & 4 of Group Ε and four items (4) είδη της Ομάδας F, for total price of € 11,904,422.50 (plus VAT).

The total price of the above mentioned awards for material delivered at the Suppliers Warehouse on HEDNO’s car is up to € 48,650,357.85.

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Subject: Contract no ΔΔ-187/2103142/2.12.2010 with “THIMELI S.A.” for the implementation of the Project: “NETWORKS OF AGRINIO REGION” of the Peloponnese-Epirus Department.
Increase of the price referring to the above mentioned Contract.

The Board of Directors approved the increase of the contractual price for the Contract ΔΔ-187/2103142/02.12.2010 “NETWORKS OF AGRINIO REGION” by 1,200,000.00 €, within the framework of the foreseen option up to 50% in article 36 paragraph 1 of the General Terms of the Contract, that is, increase by percentage of 14.0%, with the same terms and the same discount percentage of 26% of the Contract and simultaneous coverage of the relevant good performance letters of guarantee.

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Subject: Contract no ΔΔ-187/2104154/9.12.2010 with “TOXOTIS S.A.” for the performance of the Project: “NETWORKS OF LARISSA REGION” of the Region of Central Greece Department.
Increase of the price for the above mentioned Contract.

The Board of Directors decided the increase of the contractual price for the Contract ΔΔ-187/2104154/9.12.2010 “NETWORKS OF LARISSA REGION” by 1,000,000€ (plus the increase of the contractual price that is already increased by 800,000.00€), within the framework of the foreseen option up to 50% in Article 36 paragraph 1 of the General Terms of the Contract, which is equivalent to the percentage of 12.98%, of the contractual price, that is, total increase of 1,800,000€ which is equivalent to the total percentage of 23.36%, with the same terms and the same discount percentage of 33% of the Contract and simultaneous coverage of the relevant good performance letters of guarantee.

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