ABSTRACT OF MINUTES
OF THE 5th/7.6.2012 MEETING OF THE BOARD OF DIRECTORS




Subject : Convocation of Ordinary Annual General Meeting of HEDNO S.A. Shareholder.
The Board of Directors decided the convocation of the ordinary annual general meeting of the HEDNO S.A. Shareholder on Friday 22nd of June 2012 with the following Agenda:

1. Approval of the Company Financial Statements concluded in compliance with the International Financial Reporting Standards (Balance Sheet, Statement of Income, Table of Changes in Fixed Assets, Statement of Cash Flows, Notes) for the fiscal year 01.01.2011-31.12.2011 as well as the Executive Summary of the Board of Directors and the Certified Auditor’s Accountant’s Report on the Financial Statements for the fiscal year 01.01.2011-31.12.2011

2. Release of members of the Board of Directors and of the certified auditors-accountants from any responsibility for the fiscal year 2011 according to the Law and the Articles of Incorporation.

3. Appointment of Certified Auditors for the fiscal year from 01.01.2012 until 31.12.2012.

4. Pre-approval of the gross remuneration and compensation of the members of the Board of Directors for the fiscal year from 01.01.2012 until 31.12.2012.

5. Approval of the Chairman of the Board of Directors, CEO and Deputy CEO Contracts.

6. Announcements and other issues.

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