Conclusion of a significant contract with IMPEXRUR S.A.

Date  of issue: 2012-05-31
 
Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
 
SUBJECT: Conclusion of a significant contract with IMPEXRUR S.A.

CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (Company) informs that on May 30, 2012 Izostal S.A. concluded a transaction for the sale of pipes with IMPEXRUR S.A. seated in Sanok. Following this transaction the total value of purchase and sales contracts concluded by the Company with IMPEXRUR S.A. since February 29, 2012 (current report no. 12/2012) has exceeded 10% of Company’s equity and amounted to PLN 16,097,590.56 (net).

In the aforesaid period the transaction of the highest value was the drilling pipes sales transaction concluded by Izostal S.A. with IMPEXRUR S.A. (Buyer) on May 11, 2012, of a total value of PLN 8,785,600.50 (net).

The object of the contract will be delivered by the Seller by June 30, 2012. The contract does not provide for any liquidated damages and terms and conditions of the transaction are not different from the conditions used typically for such contracts.

The transactions concluded with IMPEXRUR S.A. in the aforementioned period meet the criterion of a significant contract as their total value exceeds 10% of 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 2012-05-31
Management Board Vice President, Jacek Podwiński 2012-05-31
 
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