Current report no 35 / 2022

Current report no 35 / 2022 - 6 June 2022 / 16:16

Construction of a Frito Lay plant in Poland — annex execution

With reference to report No 56/2021 of 12 July 2021, the Management Board of Budimex S.A. notifies that it has received information about the signing of Annex No 1 to the Agreement with Frito Lay Sp. z o.o. for the construction of the Frito Lay plant in Poland together with internal systems, including electromechanical works, land management and technical infrastructure.

Annex No 1 value: PLN 122,838,235 net

The value of the above-mentioned agreement together with the Annex is: PLN 465,838,235 net

Works commencement date: conclusion date of Annex No 1 by and between the Ordering Party and the Contractor.

Works completion date under the Agreement and the Annex: 31 July 2023

Advance payment: 10% of total net contract value

Guarantee period for main works, statutory warranty period as well as financial terms and conditions of the original Contract remain unchanged.

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

The value of the signed Annex exceeds 20% of the value of the above-mentioned agreement.