Information regarding a conclusion of a reference contract with PZU S.A. in the scope of using contract insurance guarantees by ELEKTROTIM S.A.

ELEKTROTIM S.A. informs that on 01.02.2016 it concluded a contract with the Powszechny Zakład Ubezpieczeń Spółka Akcyjna [Insurance Company] with its seat in Warszawa. The subject of the Contract is specifying rules for providing contract insurance guarantees by PZU S.A. to ELEKTROTIM S.A., as part of the agreed on renewable, maximum exposure limit within the term of the limit. As part of the contract PZU S.A. shall provide the following guarantees: bid security depositing guarantee, contract proper execution guarantee, faults or defects proper repair guarantee, contract proper execution and repair of faults guarantee, and advance payment return guarantee. The maximum exposure limit shall amount to PLN 20,000,000.00 and consist a total exposure amount of PZU S.A. for the guarantees granted as part of the contract on the order of ELEKTROTIM S.A. within the term of the limit.