Conclusion of the significant agreement with MH Biuro Przedstawicielskie Zbigniew Kania.

Date  of issue: 2013-08-13
 
Legal basis: Art. 56 Clause 1 Item 2 of the Offering Act - current and periodic information.
 
SUBJECT: Conclusion of the significant agreement with MH Biuro Przedstawicielskie Zbigniew Kania.

CONTENT OF THE REPORT:
The Management Board of Izostal S.A. (the Company) informs that on 12th August 2013 Izostal S.A. concluded a consecutive transaction of the purchase of pipes from MH Biuro Przedstawicielskie Zbigniew Kania with its registered office in Katowice. In result of the concluded transaction the total value of the agreements concluded by the Company with MH Biuro Przedstawicielskie Zbigniew Kania exceeded within the last twelve months the value of 10% of the Company equities and amounted to PLN 24,252 thousand (net).

In the mentioned period, the agreement of the biggest value referred to the purchase transaction of steel pipes by Izostal S.A. (the Purchaser) from MH Biuro Przedstawicielskie Zbigniew Kania (the Seller) with its registered office in Katowice, concluded on 24th September 2012 with the total value of PLN 7,074 thousand (net).

The subject of the agreement was delivered by the Seller within 15th October 2012.

Should there be any delays in the supplies, the Purchaser reserved itself the possibility to impose contractual indemnities:
a)    Up 20 days of delay – in the amount of 0.01% of remuneration for each commenced day of delay
b)    From 21 days of delay – in the amount of 0.01% of remuneration for each commenced day of delay.

The other conditions of the transaction did not differ from the conditions commonly applied for this type of agreements.

The transactions with MH Biuro Przedstawicielskie Zbigniew Kania concluded in the aforementioned period satisfy the criterion of the significant agreement as their total value exceeds 10% of the Company equities.

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 2013-08-13
Proxy, Michał Pietrek 2013-08-13
 
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