Conclusionof a significant Agreement.ManagementBoard of G-Energy S.A. (GENERGY, Issuer, Subcontractor) with itsregistered office in Warsaw informs that today it received anotification of signing a Subcontractor Agreement for the preparation ofdesign documentation and construction works in Balice, communeZabierzów, which together will constitute the subject of the Agreementconcluded by the Issuer with KOTŁO-REM Sędziszów sp. z o.o. based inSędziszów (KOTŁO-REM, Contractor).Thesubject matter of the Agreement is the Issuer's obligation to prepare aconstruction and detailed design, and to build and commission ahigh-pressure reduction and measurement gas station with a capacity ofQ=8,000 m3/h, together with a DN 150 high-pressure gas pipeline inBalice, ul. Krakowska, plot 577/4,577/12, commune Zabierzow. The subjectof the Agreement includes in particular: 1) preparation of aconstruction and executive design and a bill of quantities for: a) ahigh-pressure reduction and measurement gas station with a capacity ofQ=8000 m3/h, b) a high-pressure gas pipeline, DN 150 STEEL (Project). 2)obtaining all required opinions, permits and decisions, includingobtaining, on behalf of and for the benefit of the Employer, from thecompetent authority, the final decision on the building permit, ormaking a notification on behalf of and for the benefit of the Employerof the intention to start construction works or construction that doesnot require obtaining building permit, 3) Construction of: a)high-pressure reduction and measurement gas station with a capacity ofQ=8000 m3/h, b) high-pressure gas pipeline, DN 150 STEEL, c) delivery ofstart-up media - if required (Works); 4) performance of worksaccompanying the Robots.TheIssuer is obliged to implement the Project together with obtaining thefinal decision of the building permit, if required, or a certificatefrom the competent administrative authority on the lack of grounds forraising an objection to the Contractor's notification of the intentionto start works that do not require a building permit, by February 1,2024. The date of technical acceptance of the Works has been set for May31, 2024. The actual date of technical acceptance of the Works is thedate of signing the technical acceptance report by the Parties withoutreservations. The date of final acceptance of the Works was set for July29, 2024. The actual date of acceptance of the Works is the date ofsigning by the Parties without reservations the technical and finalacceptance reports. In the event of occurrence of circumstances relatedto weather conditions, confirmed by the Employer, the occurrence ofwhich prevented the Contractor from carrying out construction works, itwill be permissible to conclude, at the request of the Contractor, anannex changing the date of completion of the Subject of the Agreement.Forthe performance of the Subject of the Agreement, the Subcontractor willreceive a total remuneration not exceeding PLN 3,800,000.00 net (inwords: three million eight hundred thousand zlotys, 00/100). Theremuneration is expressed in the net amount and will be increased by VATat the rate applicable on the date of performance of the Subject of theAgreement.Theremuneration is fixed as a lump sum and covers all work and all costsrelated to the performance of the Agreement.KOTŁO-REMis entitled to demand contractual penalties from the Subcontractor fordelays caused by the Issuer. The total amount of contractual penaltiespayable to the Contractor under the Agreement may not exceed 30% of thetotal net remuneration specified in the Agreement.Otherdetailed terms and conditions of the above agreements do not differ fromthose commonly used in this type of agreements.legalbasis:Article17 par. 1 of Regulation (EU) No 596/2014 of the European Parliament andof the Council of 16 April 2014 on market abuse (Market AbuseRegulation) and repealing Directive 2003/6/EC of the European Parliamentand of the Council and Commission Directive 2003/ 124/EC, 2003/125/ECand 2004/72/EC (also referred to as MAR).