UNIBEP SA (66/2017) Conclusion by the Consortium with the participation of UNIBEP S.A. contracts for the implementation of a road investment

Board of Unibep S.A. (Issuer) informs that on December 28, 2017, it became aware of the conclusion by the consortium of the companies Przedsiębiorstwo Budownictwa Komunikacyjnego Sp. z o.o. (Consortium Leader), UNIBEP S.A. (Partner of the Consortium) and BIK - PROJEKT Sp. z o.o. (Consortium Partner) dated as at 27 December 2017, the contract for the implementation of the investment named "Construction and extension of the provincial road No. 645 along with road engineering facilities and the necessary technical infrastructure on the section Novgorod - Lomza along with the bypass of the Old Kupiski estate" (Investment). The ordering party is the Podlasie Voivodship Road Administration in Białystok (Ordering Party). The Consortium's remuneration for the implementation of the contract is approximately PLN 43.4 million net, with the Issuer's remuneration amounting to PLN 21.3 million net. The completion of the investment will take place in the fourth quarter of 2019. The contract provides for the possibility of contracting contractual penalties, including for delay in the performance of works and other obligations of the Consortium, as well as for withdrawal from the Agreement, however the Agreement does not contain a limitation relating to the limit of these penalties. At the same time, if the amount of reserved contractual penalties does not cover the damage suffered, it has been possible to claim supplementary compensation on general terms. Other contractual provisions, including security for proper performance of the Agreement, or the possibility of withdrawal from it, do not differ from the typical solutions adopted in contracts of this type.

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

Company information
Company name:Unibep SA
Adress: ul. 3 Maja 19 17-100 Bielsk Podlaski
Phone:+48 85 7308000

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