Estimated data regarding remuneration and evaluation of expenses in connection with the suspended construction of the Ostrołęka C Power Plant.

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

With reference to the current report No 25/2019 of 13 September 2019, the Management Board of Polimex Mostostal S.A. with the registered office in Warsaw (the “Issuer”) informs that, in connection with the notification from GE Power Sp. z o.o. with the registered office in Warsaw (the “Ordering Party”) about the suspension of the agreement of 13 September 2019 (the “Agreement”) concluded between Mostostal Siedlce Sp. z o.o. Sp.k. with the registered office in Siedlce (“MS”) and the Ordering Party, the subject of which is the manufacturing and delivery of steel structures by MS to the Ordering Party for the purpose of the implementation of the “Construction of the Ostrołęka C Power Plant with the capacity of approx. 1000 MW, MS prepared, at the request of the Ordering Party, an assessment of the status of performed works, an estimate of the expenses related to these works, a list of works than need to be finalized for technical reasons and the evaluation of costs of the suspension of the Agreement. As per the estimated data, based on the progress of works, the costs incurred by MS under the Agreement as of the date of its suspension have been evaluated at PLN 18.8 million.  Pursuant to the declaration of the Ordering Party and the entitlements of MS arising from the Agreement, all costs resulting from the Suspension will be the subject of settlement between the parties to the Agreement after the verification procedure carried out in accordance with the provisions of the Agreement.