Conclusion of agreements with ArcelorMittal Commercial Sections S.A. for supply of steel products

On 19 August 2016 Stalprofil S.A. received confirmation of complex commercial contracts from ArcelorMittal Commercial Sections S.A. with its registered office in Luxembourg for supply of steel products manufactured by mills belonging to the ArcelorMittal Group, and thus concluded further purchases of steel products with a value of 27 961 thousand PLN.
As a result of these transactions, the total value of contracts concluded by Stalprofil with entities of the ArcelorMittal Group from the date of 1 June 2016 (the date of publication of report 13/2016) amounted to 55 469 thousand PLN and exceeded 10% of the equity of the issuer.
ArcelorMittal Group is the largest steel producer in the world and also in Poland, and at the same time is the major supplier of steel products for Stalprofil S.A.
Confirmed orders for supplies of steel produced by ArcelorMittal Ostrava A.S., based in Ostrava, ArcelorMittal Esch-Belval, Differdange, Rodange in Luxembourg, ArcelorMittal S.A. Bergara in Bergara, ArcelorMittal Hunedoara and ArcelorMittal Poland S.A. with its registered office in Dąbrowa Górnicza. These deliveries will be made for Stalprofil in August and September 2016.
Terms of the transactions do not provide for contractual penalties and do not differ from those commonly used for this type of trade agreements.
Purchase transactions of steel products contained with the contractor meet all the criteria of a significant agreement because their total value reaches 10% of the equity of the issuer.