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”) received information today about the conclusion of an agreement (“the Contract”) with Skanska Sverige AB with its registered office in Sweden (“the Investor”), the detailed terms and conditions of which are set out below:
Subject of the Contract: Design, production, delivery and assembly of prefabricated elements as part of investition Malmö Citadellsgymnasium, located in Malmo, Sweden
The Contract value: 2 % of the revenues of the Pekabex Group according to the last published annual consolidated financial statements (in full percentages)
Works start date: week 9, 2022
Works completion date: week 46, 2022
Warranty period: 5 years
Statutory warranty period: 10 years
Performance bond: 15 % of the net Contract value
Retention bond: 5 % of the net Contract value
Limit of contractual penalties which may be imposed on the Company: 10 % of the net Contract value
The possibility of claiming supplemental compensation: no
Other terms and conditions of the contract deviating from those typical for this contract type: no
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.