Stowarzyszenie Emitentów Giełdowych Akcja Inwestor Akcjonariat Obywatelski

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2012-04-24

LWB S.A. concluded a new Agreement on Sale/Purchase of Power Coal with PGNIG Termika S.A.

LWB S.A. hereby announces that on 23 April 2012 it concluded an Agreement on Sale/Purchase of Power Coal with PGNIG Termika SA, with registered office in Warsaw. The Agreement concerns coal supplies provided by the Company in 2013-2015 for the purposes of, among others, Żerań Heat and Power Station and Siekierki Heat and Power Station, both owned by PGNIG Termika S.A. (formerly Vattenfall Heat Poland S.A.).

The Agreement is in effect from the date of conclusion thereof until 31 December 2015.

The value of the Agreement at current prices amounts to PLN 1,062,180,000 net without permissible deviations and tolerance specified in the Agreement.
Moreover, the Company hereby announces that the total value of all Agreements binding the Company with PGNIG Termika S.A., regarding supplies of power coal for the purposes of Żerań Heat and Power Station and Siekierki Heat and Power Station, both owned by PGNIG Termika SA, amounts to PLN 1,315,910,000 net without permissible deviations and tolerance specified in the Agreements, and these are the following Agreements:
a)    an Agreement on Sale/Purchase of Power Coal, worth PLN 1,062,180,000 net, which is the subject of this report and determines the supplies of power coal for 2013-2015.
b)    an Agreement on Sale/Purchase of Power Coal of 11 April 2011, which was subject of the Current Report No 7/2011, worth approximately PLN 217,560,000 net, which determines the basic supplies of power coal in 2012.
c)    an Agreement on Sale/Purchase of Power Coal of 2 April 2012 worth approximately PLN 36,230,000 net, which determines the additional supplies of power coal in 2012.

Additional information is available in Current Report No. 13/2012 of 23 April 2012.