Conclusion by a consortium composed of: Izostal SA (Consortium Leader) and Stalprofil S.A. a partial agreement for the supply of coated steel pipes DN 1000 for O.G.P. Gaz-System S.A.

Legal basis: Art. 17 Clause 1 MAR - inside information.
 
CONTENT OF THE REPORT:
In connection to the current report no. 34/2016 of November 25, 2016 the Management Board of Izostal S.A. (the Company, the Contractor) informs that on December 20, 2016 Izostal S.A., as the consortium leader (composed of: Izostal S.A. and Stalprofil S.A.),  was informed about the partial contract’s with Gas Transmission Operator Gaz-System S.A. seated in Warsaw (the Orderer) being signed by the other party. The partial contract will be executed within the scope of a framework agreement of which the Company informed in its current report no. 15/2015 of April 17, 2015.
The subject of the partial agreement is the production, sale and supply of coated externally and internally painted steel pipes for the investment task performed by O.G.P. Gaz-System S.A. - DN 1000 Zdzieszowice-Wrocław Gas Pipeline with length of 60 km.

Total net value of the partial contract is PLN 118,880 thousand net, which is PLN 146,222 thousand gross.
The partial contract will be realized from August 1, 2017 to January 31, 2018.

Detailed terms and conditions of the execution of the partial contract mentioned above, including the description of contractual penalties are specified in the framework contract, of which the Company informed in the current report no. 15/2015 of April 17, 2015.

The Management Board considers an agreement described as significant because of its high value. Implementation of the abovementioned agreement will affect the revenue growth of the Company.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek  2016-12-20
Management Board Vice President, Michał Pietrek 2016-12-20
 
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: 47-113 Kolonowskie Opolska 29
Telephone: +48 77 405 65 00
Fax: +48 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