A significant agreement
Current report 55/2007 dated 24.09.2007
The Issuer signed today an annex to its general agreement with Polska Telefonia Cyfrowa Sp. z o.o. on delivery and installation of communications equipment. The value of goods and services to be additionally ordered is PLN 13.4 million. The deliveries will be fulfilled until the end of 2007. The agreement is being implemented in cooperation with Cisco Systems.
The general agreement stipulates that in case of a delay in order fulfillment, the ordering party may charge a contractual penalty at the rate of 0.15% of the order value per each day of delay, not exceeding however 20% of the order value.
The agreement is deemed significant because its value exceeds 10% of the Issuer’s equity.
Before the above mentioned annex to the general agreement, the Issuer fulfilled deliveries of goods and services for a total amount of PLN 9.4 million during the last 12 months.
Roman Szwed — President of the Management Board,
Tadeusz Czichon — Vice-President of the Management Board