Selection of the bid submitted by Izostal S.A. as the most favorable one in the public procurement procedure for the delivery of coated steel pipes to Polskie Górnictwo Naftowe i Gazownictwo SA.

Date  of issue: 2012-08-03

Legal basis:  Art. 56 clause 1 item 1 of the Offering Act - confidential information

SUBJECT: Selection of the bid submitted by Izostal S.A. as the most favorable one in the public procurement procedure for the delivery of coated steel pipes to Polskie Górnictwo Naftowe i Gazownictwo SA.

CONTENT OF THE REPORT:
On August 3, 2012 the Management Board of Izostal S.A. (Company) received a letter of notification from Polskie Górnictwo Naftowe i Gazownictwo S.A. seated in Warsaw (Customer) on the selection of the bid submitted by Izostal S.A. as the most favorable one for the public procurement order:  "Pipeline to Odazotownia Grodzisk (nitrogen removal facility) – construction of the high-pressure gas pipeline DN300 from Terminal Ekspedycyjny Wierzbno (dispatch terminal in Wierzbno) to KGZ Paproć (natural gas mine) – purchase of pipes.”

The order refers to the delivery of steel pipes with an external three-layer anti-corrosion coating and with an internal coating.

The net value of the bid submitted by the Company is PLN 19,956,160.00, which translates in a gross value of the bid of PLN 24,546,076.80.

Delivery date: within 84 days from the conclusion of the contract.

Information on the conclusion of the respective contract with Polskie Górnictwo Naftowe i Gazownictwo S.A.  will be provided by the Company in a separate current report.

Specific legal basis: Art. 56 clause 1 item 1 of the Act of July 29, 2005 on public offering and conditions for marketing financial instruments in an organized trading system and public companies (Journal of Laws No. 184 item 1539 as amended)

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board Vice President, Jacek Podwiński2012-08-03
Proxy, Michał Pietrek 2012-08-03

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