The Management Board of Mostostal Warszawa S.A. informs that today the company signed with Medical Investment Trust Sp. z o.o., a contract for “the execution of works under the general contractor for the investment involving the construction of the hotel building with apartments at the intersection of Mestwina and Międzymorze in Jurata with an underground garage with land development and technical infrastructure on the plot with registration number 326 of 0003 precincts Jastarnia".

The parties agreed the deadline for the completion of contract till 6 February 2018. 
The value of the contract amounts to PLN 14.50 million net.

Payment deadline: 30 days from the date of filing the invoice.

Guarantee periods: 60 months for the quality guarantee and guarantee for physical defects in the object of the contract.

The security for the proper performance of subject of the Agreement and claims arising from it is unconditional insurance performance guarantee of 10% of net salary. In the guarantee and warranty period the Contractor shall provide an unconditional and payable on each request bank or insurance guarantee removal of faults and defects after the final acceptance of the subject of the Agreement in the amount of 5% of the net salary.

The Management Board of Mostostal Warszawa S.A., in reference to current report No. 35/2016 dated December 7, 2016 regarding action brought by the State Treasury represented by the General Director of National Roads and Motorways (“Petitioner”) against Mostostal Warszawa S.A. and two other entities about value of the dispute PLN 539,957,535.00, informs that on January 31, 2017 filed the answer to the lawsuit in the instant case. On March 15, 2017 held a court meeting in the present case, in which Regional Court in Warsaw issued a decision to discontinue the proceedings due to withdrawal of the claim by the Petitioner. Decision concerning the discontinuance of the proceedings is not final and can be appealed within 7 days. The decision will become final after the expiry of that period.