ABSTRACT OF MINUTES
OF THE 18th/16.11.2012 MEETING OF THE BOARD OF DIRECTORS


Subject: Financial Statements for the period 01.01.2012 – 30.09.2012 in compliance with the International Financial Reporting Standards.
The Board of Directors approved the Financial Statements of HEDNO S.A. for the period from 01/01/2012 until 30/09/2012, concluded according to the International Financial Reporting Standards.
The Financial Statements in question include:

- Statement of Financial Position
- Statement of 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: Appointment of Board of Directors’ member as member of the Secondary Disciplinary Board.
The Board of Directors of HEDNO S.A. decided the appointment of its members Mr. Georgios Liakopoulos and Ioannis Tsolas as regular and deputy members respectively in the Secondary Disciplinary Board of the Company until 31.12.2013.
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Subject: Contract no 5011041/9.8.2012 with KNC S.A. – KYRIAKOS & NIKOLAOS CHARAKIDIS TRADE & TREATEMENT OF WOODS S.A. for purchasing untreated wooden poles.
Amendment of materials delivery period referring to the above mentioned Contract.
The Board of Directors approved the amendment of Contract 5011041 / 9.8.2012, concerning the poles delivery period which is formed as follows:

“The first (1st) delivery will be realized within three (3) months from the entry into force of the contract and not sooner than the 8th/2012.
The second (2nd) delivery will be realized within three (3) months from the expiration of the first (1st) delivery deadline and not sooner than the 11th/ 2012.
The third (3rd) delivery will be realized within three (3) months from the expiration of the second (2nd) delivery deadline and not sooner than the 2nd/ 2013.
The fourth (4th) delivery will be realized within three (3) months from the expiration of the third (3rd) delivery deadline and not sooner than the 5th / 2013”.