10 April 2017

I am pleased to inform all our stakeholders that DEPA S.A. reaffirms its support to the Ten principles of the United Nations Global Compact in the areas of Human Rights, Labor, Environment and Anti-corruption.

In this annual Communication on Progress, we describe our actions to continually improve the integration of the Global Compact and its principles into our business strategy, culture and daily operations. We also commit to share this information with our stakeholders using our primary channels of communication.

Sincerely yours,

Theodoros Kitsakos,

CEO

The company’s role in the economic growth and development of Greece is undisputed. The natural gas transport network alone is one of the largest projects ever implemented nationwide. By creating new energy infrastructures, DEPA links Greece with a source of energy that is cheaper, safer, more efficient and certainly friendlier to the environment. By making Greece a crucial energy hub for Europe, the company advances the country’s international status and attracts new investments and business ventures, thereby creating new employment opportunities. Moreover, it offers new growth prospects to thousands of businesses and light and heavy industrial concerns, while providing obvious benefits to millions of households and consumers.

DEPA’s business activities have not merely altered the country’s energy balance, nor is the company’s contribution to Greek society limited to ensuring better and cheaper fuel and safeguarding, directly or indirectly, thousands of employment positions. Equally significant with the growth-related and financial benefits to society is the fact that, today, millions of consumers -irrespective of social or economic background- consider natural gas an obvious development that has unquestionably contributed to the improvement of their everyday routine and quality of life.

In addition to the above and in line with its commitment to consistent and meaningful social contribution,in the framework of CSR programs, DEPA supports initiatives that affect the Greek society as a whole, focusing mainly on:

People, with an emphasis on the most vulnerable social groups. The company’s objective is to contribute to improving the living conditions and enhancing the quality of life of disadvantaged social groups, whether on its own initiative or through joint efforts.

Science, research and education, with an emphasis on new technologies. DEPA, a strong supporter of the sustainable development of the market of the future and a staunch advocate of youth, undertakes initiatives related to employment opportunities for students and young scientists and the utilization and advancement of industrial and experimental research in scientific fields of particular interest.

Through similar undertakings, as well as grants and scholarships, DEPA supports artistic, cultural and sports initiatives (the latter through grants and sponsorships of amateur athletic associations and clubs), as well as socially worthy projects.

1.The contracts entered into by DEPA with third parties for the provision of any services (studies, network construction, contracts for provision of services etc) include a special article with their obligation to adhere to the applicable legislation (European/ Greek). Furthermore, the basic natural gas suppliers of DEPA have publicized Codes of Corporate Ethics/Codes of Conduct.
2.Internal grievance mechanism supported by an "Ethics Committee" where all information shared is confidential.

Zero incidents of violation of Human Rights for the reporting period.

Adherence to the applicable legislation
Labour relations between the company and the employees are governed by meritocracy and transparency. The basic principles and rules regulating the employees’ obligations are set by the Internal Work Regulation. The employees, inter alia, should observe the terms of professional conduct and all the laws, including the laws on corruption, be honest towards accounting authorities and audits and not hide any data from internal and external auditors (article 3 IR).

1.Formed Union where all employees are free to become members and meet the CEO
2.Grievance mechanism as mentioned before in the Human Rights topic.
3.Employee engagement survey conducted in January 2017, where all issues of labor rights where mentioned

1.Zero violation of labor rights of the employees during reporting period.
2.100% of employees returned at work after parenting permit
3.50,7% male employees and 49,3% female employees
4.90% of employees are satisfied from the company's working environment (2017 survey mentioned before)
5.76% of employees are satisfied from the communication with their manager (2017 survey mentioned before)

The company’s main objective is to minimize any impacts on the landscape, the natural resources, the atmosphere and the quality of life of local communities, regardless of location. Both during construction and operation, DEPA complies with the most rigorous environmental standards stipulated by Greek and European legislation. The company’s natural gas installations have been constructed in compliance with international environmental standards and have been certified by independent organizations.

In addition to its environmental management practices, DEPA conducts R&D projects aimed at protecting and enhancing the environment. One of the most important inroads in this direction is the powering of vehicles with natural gas, which can result in significant financial and environmental benefits.

In this context, DEPA has taken the lead in influencing developments and initiating cooperative efforts to expand the use of natural gas by not only an increasing number of both public and private vehicles (i.e. local government authority waste collection vehicles, buses, taxis, etc.,) but also by an increasing number of regions throughout Greece.

1.Paper, glass, aluminum, plastic recycling bins in all floors
2.Oil and other waste recycling procedures
3."Green mobility program" : funding of card for means of transport in order to avoid cars
4.Teleconferences program to avoid travels
5.Energy management task force to run the procedures for ISO 50001 Energy management
6.Program under progress to replace existing company's fleet with environmentally friendly natural gas vehicles

1.ISO 50001 Energy management / March 2017
2.Zero incidents of environmental violation
3.Specific environmental KPIs have been adopted and goals were set for the running year in order to minimize the negative effects of the company's activities

Compliance with the competition law
One of the key axes in the company’s operation is also the strict compliance with the rules of law of free competition, a fact which adheres to our clear commitment to the principles of transparency and respect to regulations. This is why in December 2012 the Company’s Management adopted the Compliance Code with the competition law, which lays down the framework to ensure the compliance of all employees with the current free competition legislation. Furthermore, according to the individual provisions of said Code, an employee was assigned the duty of supervising the corporate compliance with the competition law and a confidential contact line was set up for issues related to the competition law. This line allows all employees to report any relevant matter to the above competent person under full confidentiality.

1.A training program for the adherence to the corporal governance principles and corruption fighting is being held by the company.
2.Implementation of Code of Conduct which is accessible in our website
3.Internal grievance mechanism
4.Any personnel member having transactions with third parties (customers, contractors, suppliers etc) should categorically decline to take gifts, fees, promises or any other benefits; otherwise, accepting gifts, fees and other benefits from the third parties having transactions with the company is defined as disciplinary offence (articles 26 & 29 IR).

Zero incidents of corruption for the reporting period.