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 BIMs Plus FHH Spółka z ograniczoną odpowiedzialnością Górny Śląsk Sp. k. (“the Purchaser”), the detailed terms and conditions of which are set out below:

Subject of the contract: construction works and related works in the scope of the investment located in Przyszowice

Contract value: 6% of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)

Works start date: 02.04.2021

Works completion date: 20.01.2022

Warranty period: the Contract provides for a varied warranty period due to the scope of works, the longest period is 120 months

Statutory warranty period: the Contract provides for a varied statutory warranty period due to the scope of works, the longest period is 120 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 contractor: 10% 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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