Conclusion by Izostal S.A. Partial Contracts for supply of coated steel pipes to O.G.P. Gaz-System S.A. within the framework of the concluded Framework Contract (FSRU project proceeding No. 2)

Legal basis: Art. 17 Clause 1 MAR - confidential information.

REPORT CONTENTS:
With reference to current report No. 19/2024 of 27 May 2024, the Management Board of Izostal S.A. (Company, Contractor) informs that on July 26, 2024, it became aware of the second-party signing of Partial Contracts with Operator Gazociągów Przesyłowych Gaz-System S.A. seated in Warsaw (Ordering Party) for the supply of coated steel pipes for the implementation of the tasks: POM1: "Kolnik-Gdańsk gas pipelines together with the infrastructure necessary for their operation in the Pomeranian Voivodeship"; POM2: "Construction of the DN1000 MOP 8.4 MPa gas pipeline Gustorzyn - Wicko, part 2 section Gardeja - Kolnik"; POM3: "Construction of the DN1000 MOP 8.4 MPa gas pipeline Gustorzyn - Wicko, part 1 section Gustorzyn - Gardeja". Proceedings No. ZP/2024/04/0032/PZ - for Parts 1 and 3. The Partial Contracts will be executed under the concluded Framework Agreement, of which the Company informed in current report No. 24/2022 of 30 September 2022.

1.     The subject of the Partial Agreement for Part 1 of the above investment task is the production, sale and delivery of externally coated and internally painted steel pipes with a diameter of DN1000 with a length of approximately 11 km. The maximum value of the Partial Agreement will not exceed the amount of: PLN 36.2 million net, which is PLN 44.5 million gross. The Contractor will perform the Subject of the Partial Agreement in the period from February 1, 2025 to May 31, 2025.
2.     The subject of the Partial Agreement for Part 3 of the above investment task is the production, sale and delivery of externally coated and internally painted steel pipes with a diameter of DN1000 with a length of approximately 23 km. The maximum value of the Partial Agreement will not exceed the amount of: PLN 61.3 million net, which is PLN 75.5 million gross. The Contractor will perform the Subject of the Partial Agreement in the period from March 1, 2025 to August 31, 2025.

The indicated maximum remuneration for each of the described Partial Agreements includes: remuneration for the delivery of pipes and an estimated remuneration related to the delivery tolerance of 0/+1% of the quantity of the ordered assortment, remuneration to cover additional costs of possible transport to alternative places of delivery of pipes, constituting a maximum of 1% of the value of the delivered pipes, as well as an indexation of remuneration in a maximum amount not exceeding 10% for the delivery of pipes.

Detailed terms and conditions under which the above-mentioned Partial Agreements will be implemented, including a description of contractual penalties, are specified in the Framework Agreement, which the Company reported in current report No. 24/2022 of September 30, 2022.

The Management Board of the Company considers the described agreements to be significant due to their high value. The implementation of the above agreements will have an impact on the growth of the Company's revenues.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek 2024-07-26
Management Board Vice President, Michał Pietrek 2024-07-26
 
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