19/2014 - Information on Conclusion of Annexe to Material Agreement

With reference to Current Report No. 34/2011, the Management Board of Trakcja PRKiI S.A. (“Company” or “Issuer”) hereby informs that today it has been notified that Trakcja PRKiI S.A. in Warsaw, as the Leader of Consortium, and PKP Polskie Linie Kolejowe S.A. in Warsaw signed an annexe of 30 June 2014 to the Agreement for basic linear construction works in the Wrocław-Grabiszyn-Skokowa section and the Żmigród-border of the Dolnośląskie Province section” under the OPIE Project 7.1 - 4 “Modernisation of E 59 Railway Line in the Wrocław-Poznań Section, Stage II – Wrocław-border of the Dolnośląskie Province Section” (“Agreement”) concluded on 24 May 2011 between the Consortium, which at that time was composed of:

- Przedsiębiorstwo Napraw Infrastruktury Sp. z o.o. with its registered office in Warsaw (the then authorised representative of the Consortium),

- PKP Energetyka Spółka Akcyjna with its registered office in Warsaw,

- Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. with its registered office in Wrocław,

- Dolnośląskie Przedsiębiorstwo Napraw Infrastruktury Komunikacyjnej DOLKOM Sp. z o.o. with its registered office in Wrocław,

as the Contractor

and

PKP Polskie Linie Kolejowe S.A. with its registered office in Warsaw, as the Contracting Entity.

Detailed information regarding the Agreement, including its value, was provided by the Company in Current Report No. 34/2011.

As Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. in Wrocław took over the duties of the Leader of Consortium and because of the merger of Trakcja S.A. in Warsaw and Przedsiębiorstwo Robót Kolejowych i Inżynieryjnych S.A. in Wrocław (about which the Company informed in Current Report No. 104/2013), the aforementioned Annexe to the Agreement was concluded between:

 PKP Polskie Linie Kolejowe S.A. with its registered office in Warsaw

and the Consortium composed of:

- Trakcja PRKiI S.A. with its registered office in Warsaw (the Leader of Consortium)

- Przedsiębiorstwo Napraw Infrastruktury Sp. z o.o. in arrangement bankruptcy with its registered office in Warsaw,

- PKP Energetyka Spółka Akcyjna with its registered office in Warsaw,

- Dolnośląskie Przedsiębiorstwo Napraw Infrastruktury Komunikacyjnej DOLKOM Sp. z o.o. with its registered office in Wrocław.

 

By virtue of the said Annexe, the Parties amended the time limit for the performance of the Agreement and agreed that the Works would be completed by 16 October 2015. Initially, the Works were agreed to be completed no later than by 30 June 2014.

 

The said Annexe contains no provisions regarding any contractual penalties.

 

Any other provisions of the Agreement remained unchanged.

 

The Agreement has been considered to be material due to the fact that its value exceeded 10% of the Company's equity.

 

Legal basis for the report: § 5 item 1 point 3 of the Regulation of the Minister of Finance of 19 February 2009 on current and periodic information published by issuers of securities and the conditions for regarding information required by the law of a non-member state as equivalent.

 

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