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. (“Company”, “Borrower”) announces that yesterday the Company signed with Intesa Sanpaolo S.p.A. Spółka Akcyjna Branch in Poland (“Bank”) Uncommitted Guarantee Line Agreement.

Based on the agreement, the Bank makes available an uncommitted line for bank guarantees for the amount up to PLN 100 million.

The line is renewable, which means that each time the Guarantee expires or execution of each payment from the Guarantee, the Line Limit shall renew and may be again utilized by the Company.

The Line is made available for indefined period.

Legal security of the granted credit repayment including interest and any cost charges related to the credit shall be a statement delivered by the borrower on voluntary submission to enforcement pursuant to article 777 of the Code of Civil Procedure issued in favour of the Bank. The amount of the submission to enforcement shall constitute 150 % of the Credit Limit value.

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