8/2021 – Information on the conclusion of annexes to the Agreement by Torprojekt sp. z o.o., a subsidiary

The Management Board of Trakcja S.A. (the “Company”, “Issuer”) hereby informs that it has become aware today of the bilateral signing of Annexes and Agreements of a similar nature as the basic contract (jointly the “Annexes”) in connection with the agreement concluded on 10 January 2018 for:

Realization of project documentation and exercising author’s supervision over the execution of the Warsaw cross-city line reconstruction under the project POIiŚ 5.1-13 titled “Works on the Warsaw cross-city line on section Warszawa Wschodnia – Warszawa Zachodnia”. (“Agreement”). Additional works resulting from the signed Annexes will include: design of the cross-town tunnel reconstruction, design of the construction of a new passenger station in the area of de Gaulle Roundabout in Warsaw, design of a new passenger station in the area of Solec street in Warsaw along with the infrastructure, design of new double-track connections towards lines nos. 006 and 009 along with the adaptation of the track layout of the eastern and western turnouts in Warszawa Wschodnia station”

on 8 April 2021 between the Issuer’s subsidiary, Torprojekt Sp. z o.o. in the capacity of Leader of the following consortium:

– Torprojekt Sp. z o.o. – Consortium Leader

– Kuryłowicz & Associates Sp. z o.o. – Consortium Partner

and PKP Polskie Linie Kolejowe S.A. with its seat In Warsaw („Contracting Entity”).

The total net value of the Annexes concluded on 8 April 2021 shall amount to PLN 15,964,381.26 , net, and the share of Torprojekt Sp. z o.o shall amount to PLN 12,270,223.44, net. The work is to be completed by 25 June 2029.

The total net value of the Annexes in question and of the Agreement shall amount to PLN 40,008,188.26, and the share of Torprojekt Sp. z o.o shall amount to PLN  31,034,030.44, net.

As at today, 15% of the work under the Agreement (including the Annexes) has been completed.

The remaining terms and conditions of the Agreement do not differ from terms and conditions generally applicable for such agreements.

The Issuer’s Management Board has decided to publish this information, as the performance of the foregoing agreement constitutes a substantial share of the order book of the subsidiary, Torprojekt Sp. z o.o., and has an impact on the maintenance of current revenues and increase of future revenues and performance of Torprojekt Sp. z o.o.

Legal basis:

Article 17 MAR