Information on upholding the judgment of the District Court in Katowice in the proceedings against the former President of the Management Board of ZRUG ZABRZE SA and TUIR ALLIANZ

With reference to current reports: No. 6/2021 of 15.04.2021, and No. 17/2021 of 02.06.2022 regarding proceedings brought by STALPROFIL SA (Company) against the former president of ZRUG Zabrze SA and Towarzystwo Ubezpieczeń i Reasekuracji Allianz Polska SA in Warsaw (TUiR Allianz), Management Board of STALPROFIL SA (The Company) informs that on 4 November 2022 it learned about the issuance by the Court of Appeal in Katowice on 3 November 2022 upholding the judgment of the District Court in Katowice, awarding the Company from the above-mentioned defendants, in solidum the amount of PLN 6,154,444.00 with statutory interest for delay from September 3, 2018 to the date of payment, as well as jointly and severally the amount of PLN 64,624.40 for the costs of dealing with interest, in the amount of statutory interest for delay in payment of the payment for the period from the date of the judgment becoming final (i.e. from 3 November 2022) to the date of payment. With the said judgment, the Court of Appeal in Katowice: (1) dismissed the appeals of both defendants against the judgment of the District Court in the part awarding the above-mentioned receivables to the Company, and (2) dismissed the appeal of the Company from the judgment of the District Court in Katowice in the part dismissing the Company's claim in the remaining scope, i.e. with regard to the amount of PLN 3,241,183.32 with statutory interest for delay for the period from the date of filing the statement of claim to the date of payment, and (3) awarded the Company the costs of legal representation in the amount of PLN 7,500 from each of the defendants.
The receivables awarded to the Company relate to compensation for losses incurred by the Company, related to the management of the affairs of ZRUG Zabrze SA (currently the STALPROFIL SA Branch in Zabrze) during the implementation in 2012-2015 of the contract for the construction of the DN 700 gas pipeline from Szczecin-Gdańsk.
The basis of the claim against TUiR Allianz is a third party liability insurance policy of members of the company's governing bodies (the so-called D_O policy).
The above judgments of the District Court and the Court of Appeal are final and enforceable.
STALPROFIL SA filed a lawsuit in the above case on August 31, 2018. Information on the proceedings was published by the Company in periodic reports. So far, the company has not included such revenues in the financial result.