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

Legal basis: Art. 17 Clause 1 MAR - confidential information.
 
CONTENT OF THE REPORT:
In connection to the current reports no. 2/2018 of January 4, 2018 and 3/2018 of January 5, 2018 the Management Board of Izostal S.A. (the Company, the Contractor) informs that on February 1, 2018 Izostal S.A., as the consortium leader (composed of: Izostal S.A. and Stalprofil S.A.), was informed about the second-party signing of two partial contracts with Gas Transmission Operator Gaz-System S.A. seated in Warsaw (the Orderer). Partial contracts 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 agreements is the production, sale and supply of coated externally and internally painted steel pipes for the investment tasks performed by O.G.P. Gaz-System S.A. - DN 1000 Strachocina – Pogórska Wola Gas Pipeline and Tworóg - Tworzeń Gas Pipeline with a total length of ca. 95 km.

Total net value of the partial contract for the investment task - DN 1000 Strachocina – Pogórska Wola Gas Pipeline with length of ca. 40 km is PLN 75.218 thousand net, which is PLN 92.518 thousand gross. The partial contract will be realized from June 1, 2018 to July 31, 2018.

Total net value of the partial contract for the investment task - DN 1000 Tworóg – Tworzeń Gas Pipeline with length of ca. 55 km is PLN 93.783 thousand net, which is PLN 115.353 thousand gross. The partial contract will be realized from June 1, 2018 to February 28, 2019.

Detailed terms and conditions of the execution of the partial contracts 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 the contracts described as significant because of their high value. Implementation of the abovementioned contracts will affect the revenue growth of the Company.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board Vice President, Michał Pietrek 2018-02-01
Proxy, Mariusz Spałek 2018-02-01
 
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