Conclusion of an annex to the agreement for the periodic provision of contractual insurance guarantees

Current report No 31/2020

Legal basis: Article 17(1) of the Market Abuse Regulation (MAR) – confidential information.               

With reference to the following current reports: report No 72/2017 of 1 September 2017, report No 12/2018 of 15 March 2018, report No 43/2018 of 3 October 2018 and report No 27/2019 of 31 October 2019, the Management Board of Polimex Mostostal S.A. with the registered office in Warsaw (the “Issuer”) informs about the conclusion of an annex (the “Annex”) to the agreement between the Issuer, Polimex Energetyka Sp. z o.o. (the subsidiary of the Issuer, jointly referred to as the “Ordering Parties”) and Powszechny Zakład Ubezpieczeń Spółka Akcyjna with the registered office in Warsaw (“PZU”), the subject of which is the determination of the rules for the provision by PZU of contractual insurance guarantees under agreed exposure limits (the “Agreement”). As a result of the conclusion of the Annex, the duration of the Agreement has been extended until 31 May 2021. The total exposure limit for both Ordering Parties has not changed and remains at the level of PLN 98,970,000.00, with a reservation that for Polimex Energetyka Sp. z o.o. the sublimit cannot be higher than PLN 6.000.000,00. Other material provisions of the Agreement remain unchanged.