Concluding a significant agreement with ArcelorMittal Tubular Products Ostrava a.s.

Date  of issue: 2013-10-14
 
Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
 
SUBJECT: Concluding a significant agreement with ArcelorMittal Tubular Products Ostrava a.s.

CONTENT OF THE REPORT:
The Management of Izostal S.A. announces that on October 14, 2013 the Company (Purchaser) concluded a transaction for purchase of steel pipes from ArcelorMittal Tubular Products Ostrava a.s. seated in Ostrava - Czech Republic (Seller). As a result of the transaction, total value of contracts concluded by the Company with ArcelorMittal capital group since December 19, 2012 (current report no. 52/2012) exceeded 10% of the Company’s equity and equaled PLN net 31,183 thousand.

Within the period stated, the agreement of highest value was the above mentioned transaction for purchase of steel pipes concluded with ArcelorMittal Tubular Ostrava a.s. on October 14, 2013 for a total value of EUR 1,867 thousand, which equals to PLN 7,817 thousands as converted using mean NBP rate of exchange as on the date of agreement.

The subject of the agreement will be delivered by the Seller until December 16, 2013.

The concluded agreement does not provide for any contractual penalties, its terms do not vary from the commonly applied for this kind of agreements.

Transactions concluded within the period stated with ArcelorMittal Tubular Products Ostrava a.s. and its affiliates are deemed as significant agreements, as their total value exceeds 10% of the Company’s equity.

Specific legal basis: §5 clause 1 item 3 of the Ordinance of the Minister of Finance of February 19, 2009 on current and periodic information disclosed by the issuers of commercial papers and the conditions for recognizing as equivalent the information required by the laws of a non-member state (Journal of Laws No. 33, item 259 as amended).

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:

Management Board President, Marek Mazurek 2013-10-14
Management Board Vice President, Jacek Podwiński 2013-10-14

INFORMATION ON THE ENTITY:
Full name of the issuer: IZOSTAL SPÓŁKA AKCYJNA
Abbreviated name of the issuer:  IZOSTAL S.A
Sector based on the classification of Warsaw Stock Exchange:  Other industry
Address: 47-120 Zawadzkie Polna 3
Telephone: (77) 405 65 00
Fax: (77) 405 65 01
e-mail:info@izostal.com.pl
www.izostal.com.pl
VAT No. [NIP]:756-00-10-641
Statistical No. [REGON]: 530884678