Report No. 63_Conclusion of the the Guarantee Limits Agreement

Management Board of Mostostal Warszawa S.A. ("Company") hereby informs that today it has received an agreement signed by the AXA Ubezpieczenia Towarzystwo Ubezpieczeń i Reasekuracji Spółka Akcyjna ("AXA") for granting guarantee limits. The Agreement dated 29 October is hereby concluded today.


The subject of the agreement is granting by AXA the following types of guarantees: deposit payment, advance payment return, proper execution agreement, defects and faults removal of and proper performance of the contract and removal of defects and faults.

The maximum amount limit is PLN 10 million and is valid from 29 October 2019 till 31 December 2020.


The parties agreed to secure AXA's claims against the Company in the form of 3 blank promissory notes issuing the Company together with a promissory note declaration.


Other terms and conditions of the agreement do not differ from those commonly used for this type of agreements.


Legal basis:

Article 17 paragraph 1 MAR - confidential information

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