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”) having received the relevant documents today, informs that the Company signed a general agreement with UNIQA Towarzystwo Ubezpieczeń Spółka Akcyjna on granting insurance guarantees.

The subject matter is provision, by UNIQA TU S.A., as part of the agreed renewable maximum limit of the following guarantees: payment of bid bond, performance bond, removal of defects, return of advance payment and performance bond, removal of defects.

The maximum limit amounts to PLN 10 million and is binding in the period from 18 August 2017 to 17 August 2018.

The agreement is concluded for an unlimited period of time.

The Parties agree to secure the reverse claims of UNIQA TU S.A. in the form of blank promissory note in 3 counterparts issued by the Obligor along with a declaration to the note.

The remaining terms of the agreement do not differ from commonly applied terms for agreements of this type.