STALEXPORT AUTOSTRADY SA (17/2017) Renovation of supports for the M48 bridge facility - issue of the letter of approval by Stalexport Autostrada Małopolska S.A.

The Management Board of Stalexport Autostrady S.A. (hereinafter: "Stalexport Autostrady SA or the Issuer) informs that on 4 July 2017 he was informed by Stalexport Autostrada Małopolska SA with its registered office in Mysłowice (hereinafter: the Employer) on issue on 4 July 2017 by the Employer of the letter of approval for Pavimental Polska Ltd. with headquarters in Trzebinia (32-450), 49 Słowackiego St. (hereinafter: "Contractor"). The issue of the above-mentioned approval letter means the Employer's acceptance of the Bidder's tender submitted for a contract ROM48 "Refurbishment of M48 bridge supports" (hereinafter: "Contract"). The value of the Contract is PLN 21.300.000 net (hereinafter: Approved Net Contract Amount). Together with the confirmation letter issued by the Employer the contract was signed by the Contractor for signing (signed by the Employer on 4 July 2017) regarding the execution of the Contract, the content of which is in accordance with the model In accordance with clause 27.2 of the instructions to bidders, notification by the Ordering party about accepting the offer in the validation list will be considered as the conclusion of the Contract until the contract is signed by the Employer and the Contractor. The General Conditions for the execution of the Contract will be "Contract Conditions for Construction for Civil Engineering Works Designed by the Employer" First edition of 1999, prepared by Fédération Internationale des Ingénieurs-Conseils (FIDIC), copy in Polish (fourth English-Polish edition unchanged 2008). The Special Conditions of the Contract are a supplement to the General Conditions of the Contract. The General Conditions of the Contract remain binding, unless the Special Conditions of the Contract provide otherwise. The General Conditions of the Contract and the Specific Conditions of the Contract together constitute the Contract Conditions. The contract provides for the following contractual penalties for the Contractor: 1) penalties for late payment - contractual penalties under clause 8.7 of the Contract Terms are 10% of the Approved Net Contract Amount , 2) penalties for not remedying defects or faults in works on time - the limit of contractual penalties pursuant to clause 11.4 of the Contract Terms is 10% of the Approved Net Contract Value, 3) Penalties for unjustified traffic disruptions - penalty limit contractual terms based on clause 8.13 of the Contract Terms is 2%Approved Net Contract Amount. Stalexport Autostrada Małopolska S.A. is a 100% subsidiary of Stalexport Autoroute S.à.r. based in Luxembourg, which in turn is a 100% subsidiary of Stalexport Autostrady S.A. Legal basis: Art. 17 sec. 1 of the Regulation of the European Parliament and of the EU Council No. 596/2014 of 16 April 2014 on market abuse (regulation on market abuse) and repealing Directive 2003/6 / EC of the European Parliament and of the Council and Commission directive 2003/124 / EC, 2003/125 / EC and 2004/72 / EC

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Company information
Company name:Talex SA
Adress: ul. Karpia 27 d 61-619 Poznań
Phone:+48 61 8275500

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