Conclusion of a significant contract by a subsidiary of Poznańska Korporacja Budowlana Pekabex S.A.

Conclusion of a significant contract by a subsidiary of Poznańska Korporacja Budowlana Pekabex S.A.

The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“the Issuer”) informs that the Issuer’s subsidiary – FTO Fertigteilwerk Obermain GmbH (“the Company”) has concluded a contract today with Max Bögl Fertigteilwerke GmbH & Co KG (“the Purchaser”), the detailed terms and conditions of which are set out below:

Subject of the contract: manufacture and delivery of precast elements for an investment in Michelsrombach

Contract value: 3% of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)

Delivery start date: July 2021

Delivery completion date: March 2022

Defects notification period: 5 years and 6 months

Performance bond: 10% of the net contract value

Retention bond: 5% of the net contract value

Limit of contractual penalties which may be imposed on the supplier: 5% of the net contract value

The possibility of claiming supplemental compensation: yes

Other terms and conditions of the contract deviating from those typical for this contract type: none

The reason for deeming the Information material: The contract value exceeds 5% of the value of the Issuer’s consolidated equity according to the last published annual consolidated financial statements.

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