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”, “Contractor”), in reference to press release of 18 November 2016 informs that having received the relevant documents as of today, the Company signed Annex No. 1 on 18 August 2017 with Echo - Browary Warszawskie Spółka z ograniczoną odpowiedzialnością Spółka komandytowa to Agreement of 14 November 2016 on Performance of Building Shell of Housing Complex - Warsaw ul. Chłodna, ul. Wronia, designed ul. Krochmalna (Stage I [A]).

The Annex to the Agreement expands the range of the subject matter of the Agreement onto the following work:

a) general contractorship for the Facility;

b) procurement of relevant acceptances by relevant authorities;

c) procurement - on behalf of Echo - Browary Warszawskie Sp. z o.o. Sp. Komandytowa of a final occupancy permit for the Facility;

d) performance of post-implementation stock-taking of individual premises in the Facility, in line with applicable provisions.

The Contractor’s remuneration in relation to the Annex to the Agreement has the value of PLN 20.25 million.

 The deadline for completion of the subject matter of the Agreement in relation to the Annex is determined on 31 December 2018.

 Payment deadline: 30 days calculating from the date of receipt of a correctly issued VAT invoice.

 Guarantee period:

a) structure of the facility, roof - structure, roof - tightness, vertical and horizontal insulation - 10 years;

b) other work: 5 years.

Performance bond for the agreement: 3% of the net value of the agreement.