Rail

Conclusion od major contract - Works on the ring rail line in Warsaw

ZUE S.A. inform about contract entered into on 17 February 2017 between the Consortium including the ZUE S.A. and PKP Polskie Linie Kolejowe S.A. (PKP PLK) for Completion of design services and construction works in connection with the following project: "Works on the ring rail line in Warsaw (the Warszawa Gołąbki/Warszawa Zachodnia - Warszawa Gdańska section)" (the “Contract”). The Contract was signed by the Consortium of: Budimex S.A., STRABAG sp. z o.o., STRABAG Rail a.s, STRABAG Rail GmbH, STRABAG Általános Építő Kft. And ZUE S.A.

The Contract net value is PLN 159.7m (i.e. the gross value is PLN 196.4m) and the expected net remuneration attributable to the Company is PLN 52.7m.

The project completion date is 26 months of the commencement date.

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