EXTRACTS OF MINUTES
OF THE 1st/11.1.201 8 MEETING OF THE BOARD OF DIRECTORS


Subject: Contract No. ΔΔ-206/2153126/9.6.2015 with “MYTILINEOS HOLDINGS SA” for the execution of the following Project: “Kefalonia Region Networks”, Regional Department of Peloponnese - Epirus.
Price increase of the above Contract.

The Board of Directors approved price increase of Contract No. ΔΔ-206/2153126/9.6.2015/ΣΕΕ-443 for the execution of the following Project: “Kefalonia Region Networks”, Regional Department of Peloponnese - Epirus, by 1,200,000.00 euro, i.e., by 48.3%, per the right of option to increase said Contract price up to 50% under the same terms and the same 29% discount as well as the pro-rata increase of the amounts of Performance Guarantees to be submitted by the Contractor.

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Subject: Tender No. 502401/4.11.2014 for the supply of parts used in low voltage 4x120 mm² Al + 25 mm² Al self-supported insulated cables.
- Supply of above listed items tendered has been cancelled.
- Validation of results of the above tender and assignment for the supply of all listed items.

The Board of Directors has concluded to:

1. cancel the supply for items 2, 3 and 4 of tender No. 502401/4.11.2014 for the parts used in low voltage 4x120 mm² Al + 25 mm² Al self-supported insulated cables of a total planned value of 882,500.00 euro due to the fact that the bidding procedure for the above listed items resulted in zero technically acceptable bids;

2. validate the results of tender No. 502401/4.11.2014 for the supply of parts used in low Voltage 4x120 mm² Al + 25 mm² Al self-supported insulated cables and assign supply of item 1 to the lowest bidder, GAITANELIS AVETE, for a total fixed price of 87,120.00 euro (plus V.A.T.), for the delivery of the supplies to specific HEDNO S.A. Regional Warehouses, on vehicle owned by the supplier.

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