Selection of the bid submitted by the consortium comprising of: Izostal S.A. (Consortium Leader) and Stalprofil S.A., as the most favourable one for the supply of coated steel pipes DN 1000 to O.G.P. Gaz-System S.A.

Legal basis: Art. 17 Clause 1 MAR - inside information.
 
CONTENT OF THE REPORT:
On November 25, 2016 the Management Board of Izostal S.A. (the Company, the Contractor) was informed that the Gas Transmission Operator Gaz-System S.A. with its registered office in Warsaw (the Orderer) selected the bid submitted by the Company Izostal S.A. (Consortium Leader comprising of: Izostal S.A. and Stalprofil S.A.) as the most beneficial in a public offering procedure resulting from framework contracts concluded for supplying coated steel pipes for the investment task performed by O.G.P. Gaz-System S.A. – DN 1000 Zdzieszowice-Wrocław Gas Pipeline with length of 60 km.

The value of the offer submitted by the Company is 118,880 thousand PLN net, which represents 146,222 thousand PLN gross. The terms sheet provides for the realization of deliveries in the period from 1 August 2017 to 31 January 2018.

The Company will publish a separate current report with information on the conclusion of the contract with O.G.P. Gaz-System S.A.

Said contract will be a partial one under the framework contract of which the Company informed in its current report no. 15/2015 of April 17, 2015.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek  2016-11-25
Management Board Vice President, Michał Pietrek 2016-11-25
 
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: +48 77 405 65 00
Fax: +48 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