FERRUM SA (44/2017) Information on turnover from Izostal S.A.

The Management Board of FERRUM S.A. (Issuer, Company) informs that in connection with the adoption on 27 July 2017 for the implementation of another order for Izostal S.A. (Izostal) by the Issuer, the total value of non-contractually trading between FERRUM and Izostal in the period from 3 April 2017, ie from the date of publication of the previous current report regarding this category of turnover from Izostal, amounted to approx. PLN 35 million net. The order with the highest value was the order accepted for implementation on 27 July 2017 regarding the sale by the Company of the worth of approx. EUR 4.7 million to Izostal, which is equivalent to approx. PLN 19.8 million net at the exchange rate of the National Bank of Poland day of acceptance for implementation of the above Orders (Order). The order will be processed successively until March 30, 2018. In the remaining scope, the terms of the Order do not differ from the standard conditions used for this type of orders and do not provide for the possibility of charging contractual penalties spontaneously. The Issuer explains that the above-mentioned total value of orders from Izostal consists of both cost and revenue transactions.

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

Company information
Company name:Izostal SA
Adress: ul. Opolska 29 47-113 Kolonowskie
Phone:+48 77 4056500

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