URSUS SA (48/2017) Conclusion of a contract for the supply of electric buses with Municipal Transport by a company with o.o. in Szczecinek

The Management Board of URSUS S.A. informs that on November 29, 2017, a subsidiary of the Issuer concluded on behalf of the URSUS BUS Consortium (Supplier), which includes: URSUS BUS S.A. and URSUS S.A., a contract with Miejska Miejska spółka z o.o. in Szczecinek (Ordering Party) for the supply of 10 pieces of factory-new urban low-floor electric buses and 10 identical stationary chargers for traction batteries and one mobile charger as part of a traction battery charging system, adapted to charge batteries in offered buses. Conclusion of the contract is the result of choosing the offer of the URSUS BUS Consortium in an unlimited tender organized by Miejska Miejska sp. z o.o. in Szczecinek. The total gross value of the contract signed by the Consortium is PLN 23,279,718,00. The contract was concluded in accordance with the terms and conditions set out by the Ordering Party in the Terms of Reference. Buses and chargers subject contracts will be delivered by the Supplier by August 31, 2018. The Supplier's performance bond is covered by an insurance guarantee, issued at the request of the URSUS BUS Consortium, in the amount of 2% of the contract value. The contract contains provisions on contractual penalties. The Supplier shall pay the Ordering Party contractual penalties for failure to meet the deadline for completion of the contract specified in the contract - 5% of the gross contractual remuneration for the entire delivery, for delay in removing defects found on delivery or during the guarantee period and warranty for defects - 0.01% from the gross value of each bus affected by the defect, for each commenced day of delay, as well as for withdrawal from the contract for reasons attributable to the Supplier - in the amount of 10% of the gross contractual remuneration for the entire delivery. The Ordering Party will pay the Supplier contractual penalties for withdrawing from the contract for reasons attributable to the Employer - 10% of the gross contractual remuneration for the entire delivery, as well as not accepting the subject matter at the agreed time - 0.01% of the gross contractual remuneration for all deliveries, for each day of delay in receipt. Pursuant to the provisions of the contract, each of the Parties may assert, on general terms, damages in excess of contractual penalties. In accordance with the URSUS SA Individual Reporting Standard, adopted by the Issuer inin relation to information obligations under the MAR Regulation, the above-mentioned contract meets the criterion of a significant agreement because its value exceeds 10% of the equity of the Issuer's Capital Group.

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Company information
Company name:Ursus SA
Adress: ul. Frezerów 7 20-209 Lublin
Phone:+48 22 2660266

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