The Management Board of Budimex S.A. reports that on 20 January 2010 it signed Annex no. 1 to the Contract with Mostostal Warszawa S.A. of 17 August 2009 on the performance of the construction of the A1 Motorway between Pyrzowice (with a junction) and Piekary Śląskie (with a junction) from km 474+350 to km 490+427 (Current Report 57/2009).

  • Based on the abovementioned Contract and Annex, Budimex S.A. will carry out for the benefit of the Consortium Partner – Mostostal Warszawa – works valued at PLN 149,948,184.79 net, upon signing Annex no. 1.
  • Commencement date: with regard to works included in the Contract – 17 August 2009, i.e. on the date of Contract conclusion; with regard to works included in Annex no. 1 – the date of signing Annex no. 1.
  • Deadline: 31 July 2010
  • Guarantee period: until 15 May 2012
  • Financial conditions:
    • Payment: 5 working days from the transfer of funds by the Investor (General Directorate for National Roads and Motorways (GDDKiA) Branch in Katowice) to the account of Mostostal Warszawa S.A.

Compensation liability of the parties – on the general principles of the Civil Code.
As a result of signing Annex no. 1 the contract value exceeds 10% of the equity of Budimex S.A.