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. informs that on 8 March 2017, in relation to the end of the current term in 2017, the Supervisory Board of the Company appointed Mr. Andrzej Goławski to the Management Board of the 8^th term and entrusted him with the function of the President of the Company’s Management Board.

Upon the application of the President of the Management Board, the Supervisory Board also appointed the following persons to the Management Board of the Company for the 8^th term: Mr. José Ángel Andrés López, entrusting him with the function of the Deputy President, Mr. Jacek Szymanek and Mr. Alvaro Javier de Rojas Rodríguez as Members of the Management Board. The composition of the Management Board in the 8^th term did not change in comparison to the composition of the 7^th term. These appointments, with respect to all members of the Management Board, enter into force as of the date of approving the financial statements of the Company and the Capital Group for the year 2016 by the Ordinary General Shareholders’ Meeting. Up to this date, the Management Board will continue to perform its functions in the current composition.

Bios of the members of the Management Board of the 8^th term:

Andrzej Goławski - President of the Management Board

born in 1972, by education he is a civil engineer, a graduate of the Poznań University of Technology and Technical University of Aalborg in Denmark. In 2007, he obtained the MBA title at the University of Economy in Poznań in cooperation with the Georgia State University in Atlanta. In 2010, he completed the training program Strategic Leadership Academy, organized by the ICAN INSTITUTE.

Since the beginning of his career, he has been working in the construction industry. He has been working for the Budimex Group, including as the Regional Director since 2002. In 2008, he was appointed the Director of the General Construction Division West. In 2011, as part of implementation of the strategy of diversification of the Budimex Group portfolio, he took the responsibility for developing new business areas and was appointed to the function of the Construction Director, to create the Power and Industry Construction Division. He was also a member of the Budimex S.A. Executive Committee and the company's Proxy.

On November 16, 2015, by decision of the Supervisory Board of Mostostal Warszawa, Andrzej Goławski was appointed to the position of the President of the Management Board of the Company. He is also President of the Supervisory Board of Mostostal Power Development Sp. z o.o., Mostostal Kielce, AMK Kraków and Mostostal Płock SA.

José Ángel Andrés López - Deputy President of the Management Board

Jose Angel Andreas Lopez was born in 1974; he is a graduate of the University of Technology in Madrid, where he received the title of engineer specialising in bridge construction. Between September 1999 and February 2001, Mr. Lopez held the position of production director with respect to the construction of the southern section of the underground in Madrid. Between February and December 2001, he was the production director of bridge works at the construction of the underground in San Juan (Puerto Rico). Between December 2001 and March 2002, he worked as the bid coordinator with respect to the construction of section 7 and 9 of the fast railway along the Madrid – Barcelona – French border route. From March 2002 to April 2003, Mr. Lopez was the technical office director with respect to the construction of two stages of this investment concerning the Lleida – Martorell section. In the period between April and November 2003, he held the function of controller in NECSO ENTRECANALES CUBIERTAS Polish Branch, with respect to the construction of a bridge across the Dziwna River in Wolin. Between 2003 and 2005, Mr. Lopez worked as a representative of the Spanish company during the modernisation of national road No. 7 along the sections Gdańsk – Kiezmark and Kiezmark – Jazowa. Since February 2005, he has been working as technical director in Acciona Infraestructuras S.A. Polish Branch. On June 25, 2007, in line with the decision of the supervisory board, he became a member of the management board of Mostostal Warszawa S.A., and as of November 28, 2011, he has been acting at the deputy president of the management board. Mr. Lopez also acts as the president of the management board of Mostostal Power Development Sp. z o.o. and a member of supervisory boards in subsidiaries of Mostostal Warszawa S.A.: Mostostal Płock S.A., Mostostal Kielce S.A. and Mieleckie Przedsiębiorstwo Budowlane S.A.

Jacek Szymanek – Member of the Management Board

Mr. Szymanek was born in 1971; he is a graduate of the University of Physical Education in Warsaw with a major in coaching; he also holds the title of Master of Business Administration from the French Institute of Management. Mr. Szymanek has completed a series of specialist training sessions devoted to management, finances and human resources. For a number of years, he was involved in personnel management, where he had the opportunity of becoming acquainted with the specific nature of various industries during his work for global corporations. Between 1995 and 1999, Mr. Szymanek worked for Pepsico, where he was responsible for HR support in the operational part of the organisation. Between 1999 and 2004, he held the function of deputy personnel director for wages and employee benefits in the insurance company Commercial Union (currently Aviva). Between 2004 and 2005, he worked in Europejski Fundusz Leasingowy as the director responsible for the entire area personnel management. In 2005, Mr. Szymanek was appointed to the position of personnel director in the international logistics company FM Polska where, for six years, he was responsible for developing and shaping the human resources policy in the FM Logistic Group. Jacek Szymanek has been working for Mostostal Warszawa S.A. since September 2011; initially he was the HR Office director. Since February 2012, he has been responsible for organisational support, supervising the work of the HR, Administration, IT, OHS, R[&]D and Management Systems divisions. On February 3, 2012, in line with the decision of the supervisory board, Mr. Szymanek was appointed a member of the management board of Mostostal Warszawa S.A., where he is responsible for management and administration. Jacek Szymanek also performs the function of a member of the management board in Mostostal Power Development Sp. z o.o., member of the supervisory boards of Mostostal Kielce SA and Mostostal Płock SA.

Alvaro Javier De Rojas Rodríguez - Member of the Management Board

born in 1973; he graduated from University Autónoma de Madrid where he received the title in Economy and Management in 1997. Since the beginning of his career has been with Acciona Group. Between 1997 and 2000 worked in Directorate for Administration and Finance, e.g. on the construction of Sidi Krir Thermal Power Plant in Egypt near the city of Alexandria and on the construction of King Abdullah University Hospital in Irbid, Jordan. From 2000 he fulfilled the function of Head of Administration and Finances. He held that position for six years. During this time Mr Rodríguez worked on two big infrastructure projects in Chile: Central Coastal Road Network (Red Vial Litoral, 2002-2004) and Américo Vespucio Sur Toll Road (2004-2006).In 2006 Mr Rodríguez was promoted to Director of Finances in Corporativo Acciona México, and since 2015 he occupied the function of Director of Finances in Corporativo Acciona Brasil.

On June 25, 2016, in line with the decision of the Supervisory Board of Mostostal Warszawa SA, he was appointed to the Management Board of Mostostal Warszawa SA. He is also a member of the management board of Mostostal Power Development Sp. z o.o. and a member of the supervisory board in a subsidiary of Mostostal Warszawa SA: Mostostal Kielce SA, AMK Kraków SA and acts as vice president of the supervisory board of Mostostal Płock SA.