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 – Pekabex Bet S.A. (“the Company”) has concluded a contract today with Raben Real Estate Poland Spółka z ograniczoną odpowiedzialnością with its seat in Robakowo (“The Purchaser”), the detailed terms and conditions of which are set out below:

Subject of the contract: general contracting of a warehouse hall in the “turnkey” system – stage III at Transportowa street in Grodzisk Mazowiecki Contract value: 4% of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)

Works/delivery start date: immediately after the handover of the construction site

Works/delivery completion date: 21.02.2022

Warranty period: the Contract provides for a varied warranty period due to the scope of works, the longest period is 10 years Statutory warranty period: 3 years Performance bond: 5% of the contract value

Retention bond: 2,5% of the contract value

Limit of contractual penalties which may be imposed on the contractor/supplier: 5% of the 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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