Announcement.

POLIMEX-MOSTOSTAL SA (7/2018) Information about the reduction of costs related to the construction of a 1075 MW power unit for supercritical parameters in the "Kozienice" Power Plant

In connection with the current report No. 32/2016 of June 1, 2016, the Management Board of Polimex-Mostostal S.A. with its registered office in Warsaw (the "Company") informs that as a result of actions taken related to the construction of a 1075 MW power unit for supercritical parameters in the "Kozienice" Power Plant ("Kozienice Project"), which partially limited the previously diagnosed risks technical, optimization of procurement processes and improvement of verification and billing processes with subcontractors and suppliers, and in connection with the signing of the block acquisition protocol for operation on 19 December 2017, the Management Board of the Company, following an analysis in the process of closing the Company's accounting books for 2017 , on 21 February 2018, adopted a resolution to reduce the total costs of the Kozienice Project in the amount of PLN 42.3 million, which will translate into an improvement of the Company's net result in the same amount. At the same time, the Company indicates that the updated budget of the Kozienice Project will be subject to verification by an expert r evident as part of the process of auditing the Company's financial statements for 2017.

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Company information
Company name:Polimex-Mostostal SA
ISIN:PLMSTSD00019
NIP:821-001-45-09
Adress: ul. Młynarska 42 01-171 Warszawa
Phone:+48 22 8297100
website:www.polimex-mostostal.pl

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