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. informs that yesterday the company signed a contract for granting contract bonds with the Export Credit Insurance Corporation SA.

Pursuant to the contract the maximum limit on contract guarantees amounts to PLN 20 million.

Within the limit granted Export Credit Insurance Corporation SA will issue the guarantees to the Issuer: payment of bid bond, proper execution of contract, proper removal of defects and / or faults, proper execution of the contract and the proper removal of defects and / or faults.

The contract was concluded for an indefinite period.

In order to secure Export Credit Insurance Corporation SA claims against the Applicant arising or relating to this contract and with the issued guarantees the Applicant will establish in favor of Export Credit Insurance Corporation SA following security: will issue 6 blank promissory notes with 6 promissory note declarations.

Other terms of the contract do not differ from those commonly used for this type of contract.