Conclusion of an agreement with Polska Spółka Gazownictwa sp. z o.o. for the construction of a gas pipeline from Kalisz to Sieradz

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

REPORT CONTENTS:
With reference to current report No. 30/2024 dated November 26, 2024, the Management Board of Izostal S.A. (the Company) hereby announces that on November 29, 2024 it received information about the conclusion of an agreement between the Consortium of companies (Contractor) composed of: STF Infrastruktura Sp. z o.o. (Consortium Leader), Gascontrol Polska Sp. z o.o. (Participant 1) and Izostal SA (Participant 2), and Polska Spółka Gazownictwa Sp. z o.o., Oddział Zakład Gazowniczy w Łodzi (Ordering Party), for the general implementation of the investment entitled: "Construction of the Kalisz-Sieradz gas pipeline" (proceeding number: 2024/WJ00/WNP-047064/88/ZL).

The value of works covered by the subject contract, aimed at constructing a DN 500 MOP 6.3 MPa gas pipeline with a length of approx. 62.10 km together with the accompanying infrastructure and a DN 500 MOP 8.4 MPa with a length of approx. 0.14 km together with a reduction station in Podzborów/Ceków-Kolonia, a reduction and measurement station Błaszki/Warta Błaszki/Warta, a shut-off and relief complex Błaszki/Warta, a node of the Sieradz shut-off and relief complex and the accompanying infrastructure amounts to PLN 218,140,500.00 gross (PLN 177,350,000 net).

In accordance with the concluded agreement, the investment implementation (final acceptance date) will take place within 25 months from the date of submission by the Ordering Party of information on the conclusion of the Co-financing Agreement.

Izostal S.A., as a participant in the consortium, will be responsible under the contract in question for the supply of materials.

The Company's Management Board considers the described contract as significant due to its high value. The performance of the aforementioned contract will have an impact on the increase of the Company's revenues.

SIGNATURES OF PERSONS REPRESENTING THE COMPANY:
Management Board President, Marek Mazurek 2024-11-29
Management Board Vice President, Michał Pietrek 2024-11-29
 
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