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. (the “Company”) in reference to current report No. 31/2017 of 23 June 2017 hereby notifies that yesterday the Company, acting as part of the Consortium consisting of:  Mostostal Warszawa S.A. (“Leader”, 99% shares in the Consortium) and Firma Handlowo-Usługowa “EFER” (“Partner”, 1% shares in the Consortium) signed an agreement for construction work with Otwockie Przedsiębiorstwo Wodociągów i Kanalizacji Sp. z o.o. as part of the tender under the name “Modernisation and Extension of Sewage Treatment Plant in Otwock - Task I."

Completion deadline of the agreement: 5 August 2018.

The value of the agreement amounts to: PLN 18.21 gross.

Payment deadline: 30 days from invoice receipt.

Period of guarantee and statutory warranty:

a) 36 months of guarantee from the date of final acceptance;

b) 60 months of statutory warranty from the date of final acceptance.

Performance bond for the agreement: 10% of the aggregate price presented in the tender bid (the aggregate price presented by the Consortium in the tender bid):  PLN 18.21 million.