Conclusion of a significant agreement
The Management Board of Polimex-Mostostal S.A. informs that on 17 June 2009an Agreement was concluded between Investor represented by:
a) The State Treasury, represented by the Minister of Culture and National Heritage
b) The Capital City of Warsaw – The Capital Board of City Development in Warsawand Consortium,
a) Polimex-Mostostal S.A. (Consortium Leader),
b) Przedsiębiorstwo Budowlano – Usługowe Interbud-West Sp. z o.o. (Consortium Partner).
The subject matter of the agreement is the construction of the Museum of the Historyof Polish Jews in Warsaw, together with the auxiliary infrastructure and land development.
The total net contract value amounts to 124.830.850,35 PLNThe gross contract value is: 152 293 637,43 PLN
The realisation date: 17.06.2009r. - 17.03.2012r.
Advance payment: none
Good performance guarantee: 10% of the gross contract value, valid until 17.04.2012.Fault repair guarantee: 3% of the gross contract value, valid until the end of 36-month periodof statutory warranty counted as of the date of signing the final acceptance protocol.In case of delay in realisation of the agreement the Contractor shall pay the Ordering Partya contractual penalty in the amount equal to 0.02 % of the gross Contract value for each dayof delay.
The total amount of the penalty can not exceed 20% of the gross Contract value.
The agreement was not concluded subject to condition or time limit.
The criterion according to which the agreement was deemed significant is the value of equitycapital of Polimex-Mostostal S.A.
Legal grounds: § 5 (1) (3) as related to § 9 of the Ordinance of the Minister of Finances dated19 February 2009 on current and periodical information provided by issuers of securities andprerequisites for deeming information required pursuant to the regulations of a country notbeing a Member State equivalent (Journal of Laws of 2009, No. 33, item 259)