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”) notifies that on 22 September 2017 the Company received notification about selection, by the Board of Municipal Investments in Łódź, of the bid of Mostostal Warszawa S.A. as the most advantageous in the tender procedure; the subject matter of the tender is “Łódź Centre Revitalisation - Project 3 encompassing J. Tuwima Street on section from J. Kilińskiego Street to Targowa Street along with Buildings at J. Tuwima Street No. 33-35, 46, 52”.

The value of the tender bid amounts to: PLN 28.84 million gross.

The decision about the choice of the most advantageous tender bid is subject to appeal which may be filed within 10 days from today.

The Company will inform about the conclusion of the agreement in a separate report.