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”) informs that today, the Company signed an agreement with PHN SPV 13 Sp. o.o. on performance of construction work encompassing construction of a complex of two multi-family residential buildings with services and underground garages, along with accompanying infrastructure on plots with Nos. 46, 5/6. 5/7 (before the division 5/1, 5/2) in Warsaw and preparation of all the necessary documents and studies required for receiving an Occupancy Permit and procuring an Occupancy Permit for the facility.

Completion deadline of the agreement: 23 months from the date of handing over the construction site to the Company.

The value of the agreement amounts to: PLN 52.59 million net + VAT.

Payment deadline: a minimum of 21 days and a maximum of 30 days from receipt of invoice.

Guarantee period:

- 10 years for the structure of the Facility, the façade, the tightness of roof coverage, tightness of anti-water installations, for other elements of Work;

- for Equipment within the range of the quality guarantee - for the guarantee period granted by the manufacturer and resulting from quality guarantee documents of manufacturers; within the scope of the statutory warranty - for a period of 5 days for Equipment built in the Facility and for a period of 2 years for the remaining Equipment installed in, on or around the Facility, from the moment of signing the Final Acceptance Report of the Facility.

Performance bond: bank guarantee or insurance guarantee, issued by a first-rate bank/ insurance institution with headquarters in Poland, previously accepted by the Investor or payment, to the bank account indicated by the Investor, of a deposit amounting to 1% of the Contractual Price, i.e.  PLN 525,890.00.