Conclusion of a significant contract by a subsidiary of Poznańska Korporacja Budowlana Pekabex S.A.

The Management Board of Poznańska Korporacja Budowlana Pekabex S.A. (“the Issuer”) informs that the Issuer’s subsidiary – Pekabex Bet S.A. (“the Company”) has concluded a contract today with CTP Invest Poland sp. z o.o., the detailed terms and conditions of which are set out below:
Subject of the contract: complex execution of production-warehouse hall along with sanitary/office buildings; guardhouse; pumping station building with fire water tank; retention tank; internal road system with parking spaces
Contract value: 3% of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)
Works completion date: 08.11.2021
Warranty period: the Contract provides for a varied warranty period due to the scope of works, the longest period is 120 months
Statutory warranty period: the Contract provides for a varied statutory warranty period due to the scope of works, the longest period is 120 months
Performance bond: 10% of the net contract value
Retention bond: 5% of the net contract value
Limit of contractual penalties which may be imposed on the contractor: 50% of the contract value
The possibility of claiming supplemental compensation: yes
Other terms and conditions of the contract deviating from those typical for this contract type: none
The reason for deeming the Information material: The contract value exceeds 5% of the value of the Issuer’s consolidated equity according to the last published annual consolidated financial statements.