The Management Board of Mostostal Warszawa S.A. ("Company") informs that on 4 January 2021 – the Management Board acknowledged the issuance by the Polish Chamber of Commerce in Warsaw Arbitration Court on 23 December 2020 of the Arbitration Court judgment on the case SA 258/12, SA 135/15/P brought forth Mostostal Warszawa SA, Acciona Construcción SA, Marek Izmajłowicz - IWA and Wrocławskie Przedsiębiorstwo Budownictwa Przemysłowego nr 2 Wrobis SA acting as Consortium against the Wrocław Municipality. The subject of the dispute were the claims of the Company and other consortium members arising from the implementation of contract No. 7/2009/ NFM entitled "Construction of the National Forum of Music in Wrocław" dated 22 December 2009 againts the Wrocław Municipality (Reports 43/2012 and 38/2013).

The Arbitration Court found justified claims of the Consortium against the Wrocław Municipality in the  amount of PLN 33.16 million in and claims of the Wrocław Municipality against the Consortium in the amount of PLN 4.12 million. After offsetting mutual claims, the Company's receivables will amount to PLN 29.04 million and will be increased by interest, which amounts to approximately PLN 14 million.

In its balance sheet, the Company has assets and provisions for liabilities related to the matter in question. In the Management Board’s opinion the amounts awarded by the Arbitration Court will not have a significant impact on the financial results.