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”) informs that as of today, the Company signed an agreement with the City of Piotrków Trybunalski (“Employer”) for “Construction of New Municipal Public Library in Piotrków Trybunalski.”

Completion deadline of the agreement: 14 months calculating from the date of agreement conclusion, however not later than 9 November 2018.

Remuneration of the Contractor: PLN 32.94 million gross.

Payment deadline: 30 calendar days from the date of receipt, by the Employer, of an invoice or a bill issued by the Contractor.

Liability on account of statutory warranty for defects in the subject matter of the Agreement: 8 years from the date of the final acceptance of work.

Performance bond for the agreement: an amount equal to 10% of the gross tender bid price in the form of an insurance guarantee.