The Management Board of Mostostal Warszawa S.A. (“Company”) informs that today, the Company signed an agreement with Mennica Polska S.A. for performance of construction work as part of an investment task under the name: construction of a multi-family residential building with service functions and underground garage, area management, entry to the real property and the necessary technical infrastructure, including municipal transformer stations, located in the area of plots with Nos. 110/1, 110/3, 110/4 within area 6-01-06, constructions of exits on fragments of road lanes of ul. Pereca, plot No. 10/1 within area 6-01-06 and construction of the necessary technical infrastructure on plots with No. 6, 10/1 within area 6-01-06 at ul. Waliców 11 in Warsaw, along with disassembly of a part of the Aurum office building located on plot with No. 110/3 within area 6-01-06 at ul. Waliców 11 in Warsaw.

Completion deadline of the agreement: 31 May 2019.

The value of the agreement amounts to: PLN 103.150 million net + VAT.

Payment deadline: 30 days from invoice receipt.

Guarantee period:

- 6 years for the investment task in total, encompassing, in particular, construction work and additional work, including finishing work;

- a minimum of 24 months for equipment and machines or for a longer period of time resulting from a guarantee indicated by the manufacturer of the equipment.

Performance bond for the contract: bank performance bond for the total amount of 10% of the net contract value.

The Management Board of Mostostal Warszawa S.A. ("Company", "Petitioner") in reference to current report No. 20/2016 of 14 June 2016 reports that today, the Company, represented by  litigation attorney, submitted to the District Court in Szczecin, 8th Economic Division, a petition against Zakład Unieszkodliwiania Odpadów Sp. z o.o. with its’ registered office in Szczecin ("Defendant") for payment of the amount of PLN 90,141,464.87 (in words: ninety million one hundred and forty-one hundred thousand, four hundred and sixty-four zlotys and 87/100) along with statutory interest for delay from 28 November 2016 until the date of payment.

The petition refers to payment of remuneration for works, supplies, designs and other services as part of implementation of contract No. ZUO/5/2012 for construction of Thermal Waste Neutralisation Facility for the Szczecin Metropolitan Area for which the Petitioner did not receive payment from the Defendant.