EXTRACTS FROM THE MINUTES
OF THE 17th/8.9.2016 MEETING OF THE BOARD OF DIRECTORS 
  

Subject: Tender No. 513501/29.3.2016 for the sale of Cu concentric cables.
– The tender for the sale of the above items has been cancelled.
– The sale of the rest of the items listed in the above tender has been validated.

In respect of the tender No. 513501/29.3.2016 called in the form of an open procedure the Board of Directors has approved the following:

1. cancellation of sale of items 1, 4 and 6, by KONSTANTINIDIS BROS S.A. (AFOI KONSTANTINIDIS Α.Β.Ε.Ε.) as the price offered was found to be unsatisfactory for the reasons explained below:

1.1 the price offered for item 1 is 1.760 €/kg, namely, it is by 29.14% lower than the value corresponding to a cable with 60% in Cu content (2,484 €/kg), considering the respective mean monthly Cu price listed in LME for the month preceding the month of bid.

1.2 the price offered for item 4 is 1.780 €/kg, namely, it is by 28.34% lower than the value corresponding to a cable with 60% in Cu content (2,484 €/kg), considering the respective mean monthly Cu price listed in LME for the month preceding the month of bid.

1.3 the price offered for item 6 is 1.780 €/kg, namely, it is by 28.34% lower than the value corresponding to a cable with 60% in Cu content (2,484 €/kg), considering the respective mean monthly Cu price listed in LME for the month preceding the month of bid.

2. validation of tender No. 513501/29.3.2016 for the sale of Cu concentric cables for items 2, 3 and 5 to the highest bidder, ΚΥΚLΟΜΕΤΑL S.A. (ΚΥΚΛΟΜΕΤΑΛ Α.Ε.), whose bid was found to be formally and technically acceptable, namely:

2.1 685,000 kg of Cu concentric cables located or to be stored in the Regional Warehouses in Corinth and Patras at the DPP - H (Peloponnese-Epirus Administrative Department), (items 2a and 2b), for a total estimated price of 1,414,525.00 € (unit price: 2.065 €/kg).

2.2 1,037,441 kg of Cu concentric cables located or to be stored in the Aspropyrgos Warehouse at DPN (Island Administrative Department), (item 3), for a total estimated price of 2,173,438.90 € (unit price: 2.095 €/kg).

2.3 160,000 kg of Cu concentric cables located or to be stored in the Regional Warehouse of Halkida at the DPKE (Central Greece Administrative Department), (item 5), for a total estimated price of 333,600.00 € (unit price: 2.085 €/kg).

The total estimated amount of the assignment to ΚΥΚLΟΜΕΤΑL S.A. (ΚΥΚΛΟΜΕΤΑΛ Α.Ε.) amounts to 3,921,563.90 euro.

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Subject: Tender No. 513502/1.3.2016 for the sale of Al concentric cables.
The above tender has been validated.

In respect of the tender No. 513502/1.3.2016 called in the form of an open procedure the Board of Directors has approved the following:

1. validation of the tender No. 513502/1.3.2016 for the sale of Al concentric cables to the highest bidder by item SIDMETAL S.A. (ΣΙΔΜΕΤΑΛ Α.Β.Ε.Ε.) whose bid was found to be formally and technically acceptable, namely:

1.1 200,000 kg of Al concentric cables located or to be stored in the Kifisos Warehouse at the DPA (Attica Administrative Department), (item 1), for a total estimated price of 163,760.00 € (unit price: 0.8188 €/kg).

1.2 565,000 kg of Al concentric cables located or to be stored in the Regional Warehouses in Corinth and Patras at the DPP - H (Peloponnese-Epirus Administrative Department), (item 2), for a total estimated price of 462,622.00 € (unit price: 0.8188 €/kg).

1.3 600,000 kg of Al concentric cables located or to be stored in Aspropyrgos Warehouse at DPN (Island Administrative Department), (item 3), for a total estimated price of 491,280.00 € (unit price 0.8188 €/kg).

1.4 215,000 kg of Al concentric cables located or to be stored in the Regional Volos Warehouse at DPKE (Central Greece Administrative Department), (item 4), for a total estimated price of 180,342.00 € (unit price: 0.8388 €/kg).
1.5 180,000 kg of Al concentric cables located or to be stored in the Regional Halkida Warehouse at DPKE (Central Greece Administrative Department), (item 5), for a total estimated price of 147,384.00 € (unit price: 0.8188 €/kg).

1.6 240,000 kg of Al concentric cables located or to be stored in the Regional Thessaloniki - Warehouse at the DPM - TH (Macedonia - Thrace Administrative Department), (item 6), for a total estimated price of 201,312.00 € (unit price: 0.8388 €/kg).

The total estimated amount of the above validated tender No. 513502/1.3.2016 amounts to 1,646,700.00 euro.

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Subject: Tender No. 513602/3.3.2016 for the sale of ferrous metals.
The above tender has been validated.

In respect of the tender No. 513602/3.3.2016 called in the form of an open procedure the Board of Directors has approved the following:

1. validation of the tender No. 513602/3.3.2016 for the sale of Ferrous metals to the highest bidder by item BIOKALODIA LTD (ΒΙΟΚΑΛΩΔΙΑ ΕΠΕ) for items 1, 2, 3, 4, and 5, whose bid was found to be formally and technically acceptable, namely:

1.1 463,000 kg of Ferrous metals located or to be stored in the Kifisos Warehouse at the DPA (Attica Administrative Department), (item 1), for a total estimated price of 86,118.00 € (unit price: 0.1860 €/kg).

1.2 200,000 kg of Ferrous metals located or to be stored in the Regional Patras Warehouse at the DPP (Peloponnese Administrative Department), (item 2), for a total estimated price of 31,200.00 € (unit price: 0.1560 €/kg).

1.3 20,000 kg of Ferrous metals located or to be stored in Aspropyrgos Warehouse at DPN (Island Administrative Department), (item 3), for a total estimated price of 3,740.00 € (unit price: 0.1870 €/kg).

1.4 985,000 kg of Ferrous metals located or to be stored in the Regional Volos Warehouse at DPKE (Central Greece Administrative Department), (item 4), for a total estimated price of 184,195.00 € (unit price: 0.1870 €/kg).

1.5 1,350.000 kg of Ferrous metals located or to be stored in the Regional Warehouse of Halkida at the DPKE (Administrative Department) (item 5), for a total estimated price of 257,850.00 € (unit price: 0.1910 €/kg).

The total estimated amount of the assignment to BIOKALODIA LTD (ΒΙΟΚΑΛΩΔΙΑ ΕΠΕ) amounts to 563,103.00 euro.

2. validation of the tender No. 513602/3.3.2016 for the sale of Ferrous metals to the highest bidder, HOUSSEINOGLOU G. VALENTINI (ΧΟΥΣΕΙΝΟΓΛΟΥ Γ. ΒΑΛΕΝΤΙΝΗ), for item 6, whose bid was found to be formally and technically acceptable, namely:

2.1 4,300 kg of Ferrous metals located or to be stored in the Regional Thessaloniki - Warehouse at the DPM -TH (Macedonia - Thrace Administrative Department), (item 6), for a total estimated price of 657.90 € (unit price: 0.1530 €/kg).

3. The total validated amount for tender No. 513602/3.3.2016 amounts to 563,760.90 euro.

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