Giving consent to enter into a commercial agreement with CMC Poland Sp. z o.o.

The Management Board of PKP CARGO S.A. (“Company”, “PKP CARGO”) hereby reports that on 17 January it gave its consent to enter into a cooperation agreement (“Agreement”) by and between PKP CARGO and CMC Poland Sp. z o.o. (“CMC”).

The subject matter of the Agreement will be for the Company to provide scrap metal and metal products transport services to CMC Poland Sp. z o.o. The transport services will be provided on domestic, export and import routes and the agreement will be in effect from 1 January 2024 to 31 December 2026.

The expected estimated net value of the Agreement during its term of validity will be PLN 192,014,521 million (PLN 236,177,860 million with VAT).

The remaining terms and conditions of the contract do not differ significantly from contracts of this type concluded by the Contractor.