Report No. 33_Conclusion of a Contract for the Design and Construction of the S7 Expressway, Płońsk-Czosnów Section, Section II

Management Board of Mostostal Warszawa S.A. ("Company") informs that on 9 July 2020 the Company concluded an agreement with the General Directorate for National Roads and Motorways with its registered office in Warsaw (GDDKIA) for the execution of the task entitled: "Design and Construction of the S7 Expressway on the Płońsk-Czosnów Section, Section II from the "Załuski" interchange (with interchange) to Modlin interchange (without the interchange)"

Contract value: PLN 635.06 million gross.

Completion date: 45 months; winter periods (i.e. from December 15 to March 15) are included in the design phase, while winter periods (i.e. from 15 December to 15 March) are not included in the construction time.

Payment deadline: 30 days from the date of receipt of the invoice.

The maximum warranty period is 10 years.

Performance bond: 10 % of the gross contract value in the form of a bank guarantee.

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