Announcement.

ENERGOAPARATURA SA (44/2018) Signing of the contract

The Management Board of Energoaparatura S.A. with its registered office in Katowice informs that on 4 April 2018 a contract was signed with Enea Operator Sp. z o.o. The subject of the contract is "Reconstruction of the 110/15 kV station in Miasteczko Krajeńskie in order to enable the development of renewable energy in Western Poland." The contract value is PLN 9,150,000.00 (nine million one hundred and fifty thousand zlotys 00) 100) net. The subject of the contract is to be implemented in accordance with the Schedule of works and construction works, within 70 weeks of signing the contract. The Employer provided for a partial remuneration. Receivables due to the Contractor will be payable on the basis of invoices issued correctly by the Contractor, within 30 days from the date of delivery of VAT invoices to the Employer. The Contractor grants the Contracting Authority a quality guarantee for construction works carried out, as well as for delivered and installed equipment for a period of 60 months, and for corrosion protection of the supplied support structures for WN, MV, LV lines and for phase and lightning conductors for a period of 96 months. The warranty period starts from the day of final acceptance of construction work. The Contractor will be obliged to pay to the Orderer a contractual penalty exceeding 10% of the gross value of the contract in the event of withdrawal from the contract by the Employer for reasons attributable to the Contractor in the amount of 20% of the contract's gross contract price. In addition, the Contractor will be required to payment to the Orderer of the following contractual penalties, which under certain conditions may exceed 10% of the gross value of the contract, however their amount may not exceed 35% of the gross value of the contract: - for each day of delay in completion of works against the date of performance of the contract in the amount of 0.1% of the contract's gross contract price, - for untimely removal of defects and faults by the Contractor found on delivery or during the guarantee and warranty period, an amount representing 0.1% of the contract's gross contract price for each day delay in relation to the date when the defect was to be removed, - for delay e removal by the Contractor of defects preventing the use of the Investments found during the guarantee and warranty period, an amount constituting 0.1% of the contract's gross contract price, for each day of delay in relation to the date when the defect was to be removed The Customer has the rightclaiming damages exceeding the amount of reserved contractual penalties on general terms. Other terms of the contract do not differ from those commonly used in the case of concluding such contracts. As a criterion for a significant agreement, the Company accepts 30% of its equity. Legal basis:

Source: company website, investor relations, current and periodic reports.

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Company information
Company name:ENERGOAPARATURA SA
ISIN:PLENAP000010
NIP:634-012-87-07
Adress: ul. Gen. K. Pułaskiego 7 40-273 Katowice
Phone:+48 32 7285492
website:www.enap.com.pl

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