Current report no 46 / 2012

Current report no 46 / 2012 - 13 August 2012 / 00:00

Budimex SA sign Annex to the Contract Guarantee Grant with Euler Hermes

The Management Board of Budimex SA reports that on 13 August 2012, the Company signed the Annex of 18 July 2012 to the Contract Guarantee Grant within the renewable line of 28 August 2008, concluded with Euler Hermes SA Insurance Company, as announced in Current Report No. 65/2009 of 7 August 2009.

The contractual line limit is PLN 50,000,000.-.
Pursuant to the Annex, the deadline when the Company may order the Insurance Company to issue contract insurance guarantees has been extended until 31 August 2013.
Other provisions of the contract remain unchanged.
The contract value exceeds 10% of the equity of Budimex SA.