Conclusion of an annexe to a significant agreement by a subsidiary of the issuer

Current report no : 21/2013
Report date : 5/23/2013
Abbreviated name : Ciech SA
Subject : Conclusion of an annexe to a significant agreement by a subsidiary of the issuer
Legal basis : Article 56 section 1 item 2 of the Act on the Offering – current and interim information


The Management Board of CIECH S.A. (the “Issuer”) reports on the conclusion on May 22nd, 2013, by the Issuer’s subsidiary, Soda Polska CIECH S.A., and Kompania Węglowa S.A. with its registered office in Katowice (40-039 Katowice, ul. Powstańców 30) of an annexe to a three-year agreement dated January 17th, 2011, that regulates the supply and prices of steam coal, on which the Issuer reported in current report no 3/2011 of January 18th, 2011.

In the annexe, the Parties extended the term of the agreement to December 31st, 2015 and defined new rules for the establishment of prices in individual years.

The net value of the annexe in the years 2014-2015 is estimated to amount to PLN 435 million.

Other provisions of the agreement remained unchanged.

Criteria for considering the agreement to be a significant agreement: value of the subject matter of the annexe exceeds 10% of the amount of sales revenue of the Issuer’s capital group for the last four financial quarters.

Legal basis: Article 56 section 1 item 2 of the Act of July 29th, 2005 on Public Offering and the Conditions for Introducing Financial Instruments to Organised Trading and on Public Companies and § 5 section 1 item 3 of the Ordinance of the Minister of Finance of February 19th, 2009 on Current and Periodic Information Provided by Issuers of Securities and the Conditions of Recognising as Equivalent Information Required by the Law Provisions of a Country which is not a Member State.

Signatures of the Company’s Representatives : Dariusz Krawczyk – President of the Management Board 

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