The Management Board of NEWAG S.A. with its registered office in Nowy Sącz ("the Company", "Issuer") informs that on November 24 2017, it made a decision to start the review of potential strategic options of the Company related to the consolidation processes of the rolling stock production sector in Europe ("Project"). At the current stage, the Company has not taken any binding decisions or arrangements to implement any strategic option. All potential strategic options and potential transaction structures related to the Project will be comprehensively considered and analyzed by the Company. As part of this review of strategic options, the Company intends to hold talks with the Polish Development Fund S.A. ("PFR") together with its related entities or funds, part of which investment portfolio is managed by PFR in the scope of: (i) possible involvement of the above entities in the implementation of the selected strategic option related to the Project, including indirect or direct involvement in the Company and (ii) ) possible cooperation after the completion of the Project. br> At the same time, the Management Board of the Company informs that as at the date of publication of this report no decisions related to the selection of a specific option have been taken so far and it is uncertain whether such a decision will be taken in the future. The company will inform about next important stages of the Project, including making any binding decisions in this respect. br> Legal basis: Article 17 para. 1 MAR Regulation. Br>
Source: company website, investor relations, current and periodic reports.