Date: August 3, 2017 3:25 PM

The Management Board of Budimex SA announces that on 3 August 2017, LIDL Sp. z o.o. Sp.k. signed with Budimex the contract for the Construction of Lidl Mińsk Mazowiecki Distribution Centre.

The Company announced that the Employer chose the Budimex SA bid as the most advantageous one in the current report No 57/2017 of 18 July 2017.

Contract value: PLN 146,435,521.52 net.

The total value of contracts concluded with LIDL Sp. z o.o. Sp. k. during the last 12 months amounts to PLN 154,255,521.52 net.

Works commencement date: 28.08.2017

Works completion date: 15.07.2018

Guarantee period: guarantee periods do not differ from the commonly accepted ones, except for the 20-year guarantee for the pipes in the underfloor heating system (with this regard, the Contractor transfers manufacturer's guarantee).

Payment terms: 21 business days from the receipt of invoice by the Investor

Bank performance bond: 10% of net contract value

Contractual penalties payable by the contractor:

The total amount of contractual penalties for delay in performance of the Works under the Contract and repair works may not exceed 20% of the Contractor's remuneration.

Other terms and conditions of the contract do not differ from the market standards.

The value of the Agreement exceeds the threshold of PLN 111,446 thousand.

Budimex SA published this content on 03 August 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 August 2017 09:07:02 UTC.

Original documenthttp://www.budimex.com.pl/en/investor-relations/current-reports/3333.html

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