Conclusion of an annex to significant agreement with Impexrur S.A.

Date  of issue: 2012-12-20
 
Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
 
SUBJECT: Conclusion of an annex to significant agreement with Impexrur S.A.

CONTENT OF THE REPORT:
The Management Board of Izostal S.A. informs that on December 20, 2012 Izostal S.A. (Purchaser, Company) concluded an annex to the Purchase Contract of Steel Pipes on August 7, 2012 with Impexrur S.A. Company with registered office in Sanok (Supplier), of which the Management Board informed in the current report no. 40/2012.

The subject of the Annex is increasing of the amount of steel pipes ordered by the Purchaser. Total net value of the Annex is EUR8.849.600,00, which, after converting according to the average exchange rate of the National Bank of Poland on the completion date, is PLN 36.044.420,80 (net value).

Total value of the Purchase Contract of Steel Pipes on August 7, 2012 and the Contract’s Annex mentioned above is EUR 19.699.040,00 (net value), which, after converting according to the average exchange rate of the National Bank of Poland is PLN 79.903.282,00 (net value).

The deadline of making an additional order of steel pipes is March 31, 2013.

Other conditions of the Contract do not change.

The Annex added to the Purchase Contract of Steel Pipes meets the criterion of being a significant agreement as its value exceeds 10% of Company’s equity capital.

Total value of purchase/sale agreements concluded by the Company with Impexrur S.A. Company from the date of August 7, 2012 (the current report no. 40/2012) is equal PLN 36.432.786,90 (net value).

Transactions concluded in the period of time mentioned above with ArcelorMittal Tubular Products Ostrava a.s. Company and the entities of ArcelorMittal group of companies meet the criterion of being a significant agreement as its total value exceeds 10% of Company’s equity capital.

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 2012-12-20
Management Board Vice President, Jacek Podwiński 2012-12-20
 
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: 47-120 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