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”) informs that today, the guarantor, Intesa Sanpaolo S.p.A. S.A., disbursed the amount of performance bond for contract of 7 August 2007 for Technology Modernisation in Zakład Wodociągu Centralnego - intermediate ozone treatment and filtration on active carbon; the Company informed about conclusion of the contract in current report No. 33/2007 of 8 August 2017.

The performance bond for the contract amounting to EUR 2.18 million (equivalent of PLN 9.44 million) was disbursed at the request of Miejskie Przedsiębiorstwo Wodociągów i Kanalizacji of the Capital City of Warsaw Spółka Akcyjna (“MPWiK”, “Employer”).

The Company believes that the claims of MPWiK are groundless and it will undertake any steps permitted at law to ensure that the Employer returns the disbursed funds.