Conclusion of a significant contract with Salzgitter Mannesmann Grossrohr GmbH

Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
 
SUBJECT: Conclusion of a significant contract with Salzgitter Mannesmann Grossrohr GmbH

CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (the Company) informs that on November 24, 2015 the Company (Buyer) concluded the steel pipes purchase transaction with Salzgitter Mannesmann Grossrohr GmbH seated in Salzgitter in the Germany (Seller). Following this transaction the total value of the contracts concluded by the Company with Salzgitter Group within the last twelve months has exceeded 10% of Company’s equity and amounted to PLN 25,105 thousand (net).
In the aforesaid period, the contract of the greatest value was the aforementioned steel pipes purchase transaction with Salzgitter Mannesmann Grossrohr GmbH on November 24, 2015, of a total value of EUR 3,973 thousand, which after conversion into PLN at the mean exchange rate of the National Bank of Poland on this date amounts to PLN 16,929 thousand (net).
The object of the contract will be delivered by the Seller by February 29, 2016.
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 Salzgitter Mannesmann Grossrohr GmbH and entities from Salzgitter Group 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 Vice President, Michał Pietrek 2015-11-25
Proxy, Mariusz Spałek 2015-11-25
 
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: (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