Conclusion of an agreement with Polska Spółka Gazownictwa sp. z o.o. for the reconstruction of the gas network within the Łódź bypass

With reference to current report No. 41/2024 dated October 29, 2024, the Management Board of STALPROFIL SA (hereinafter referred to as the Company) hereby notifies that on November 29, 2024 it received information about the conclusion of an agreement between the Consortium of companies (Contractor) composed of: STF Infrastruktura Sp. z o.o. (Consortium Leader), Gascontrol Polska Sp. z o.o. (Participant 1) and Izostal SA (Participant 2), and Polska Spółka Gazownictwa Sp. z o.o., Oddział Zakład Gazowniczy w Łodzi (Ordering Party), for the general implementation of the investment entitled: "Reconstruction of the gas network within the Łódź bypass", Procedure number: 2024/WJ00/WNP-046990/91/ZL.
The value of works covered by the contract in question, aimed at performing construction works consisting in the construction of a high-pressure gas pipeline DN 500 MOP 5.5 MPa with a length of approx. 26 km together with the accompanying infrastructure, amounts to PLN 134,648,100.00 gross (PLN 109,470,000 net).
According to the concluded agreement, the investment implementation (final acceptance date) will take place by 31/05/2029.
The entities responsible on the part of the STALPROFIL SA Capital Group for the execution of construction works and supply of materials under the subject Agreement are: the consortium leader STF Infrastruktura Sp. z o.o. and the consortium participant Izostal SA Both of these companies are subsidiaries of STALPROFIL SA.
The concluded agreement should, during its implementation period, significantly increase the revenues generated by the Group in the gas transmission network infrastructure segment.