With reference to current report No. 54/2023 of August 29, 2023, current report No. 61/2023 of October 5, 2023 and current report No. 7/2024 of February 12, 2024

The Management Board of Budimex S.A. announces that on 3 July 2024, the General Directorate for National Roads and Motorways, Olsztyn Branch, informed the Company that its bid was again rated the highest in the tender procedure for: Construction of the S16 Olsztyn (S51) – Ełk (S61) road, Olsztyn – Biskupiec section (construction of the second roadway), Olsztyn East – Barczewo section.

The above does not mean that Budimex S.A.’s bid was selected as the most advantageous, as the bid evaluation procedure has not been finally completed.

Value of the offer: PLN 412,530,636.00 net.

Date of commencement of works: from the date of signing the contract

Date of completion of works: 39 months from the Commencement Date, winter periods are not included

Warranty period for major works: up to 10 years

Warranty period: 60 months from the date indicated in the Takeover Certificate

Advance payment: up to 10% of the Accepted Gross Contract Amount

Payment terms: 30 days from the date of delivery of a correctly issued VAT invoice to the Ordering Party by

Contractor

Performance bank guarantee: 10% of the Accepted Gross Contract Amount

Maximum value of contractual penalty paid by the Contractor: 20% of the Accepted Net Contract Amount

The contracting authority has the right to seek compensation on general terms if the amount of damage exceeds the agreed contractual penalty.

Other contractual conditions do not deviate from market standards.

The value of the offering exceeds the threshold of 196 030 thousand. PLN net