47/2023 – Information on Settlement with PKP PLK

The Management Board of Trakcja S.A. (“Company”) informs that, following the information provided in the consolidated periodic report for the first half of 2023 and the third quarter of 2023 regarding the value of mediations concerning contractual claims, a settlement was reached today with PKP Polskie Linie Kolejowe S.A. (“PKP PLK”). This settlement was achieved with the participation of a mediator from the Court of Arbitration at the General Prosecutor’s Office of the Republic of Poland.

The settlement pertains to the contract No. 90/106/0002/17/Z/I dated January 20, 2017, for the investment task titled “Works on railway lines No. 140, 148, 157, 159, 173, 689, 691 on the section Chybie – Żory – Rybnik – Nędza/Turze.” Under the settlement, PKP PLK has committed to pay the Company an amount of PLN 5,200,000 net.

The signing of the mediation settlement with PKP PLK will be included in the process of cyclical review of long-term contracts and will affect the outcome of the budget updates for the Company’s contracts for the fourth quarter of 2023.

Legal Basis: Article 17 MAR