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MESSAGE _ENGLISH VERSION_
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Signature EPC _Engineering - Procurement - Construction_ contracts .
The Management Board of Corey Europe, a joint-stock company, with its
registered office in Warsaw _hereinafter referred to as the "Issuer",
"Contractor"_, announces that it has signed an agreement _hereinafter
referred to as the "Agreement" _ in the EPC _Engineering - Procurement -
Construction_ - "turnkey" model with BESS GREEN 1 Sp. z o. o. with its
registered office in Wrocław, entered into the register of entrepreneurs
under the KRS number 0001166546 _hereinafter referred to as the "BESS
GREEN 1" or the " Ordering Party"_, an entity related to a member of the
Issuer's Management Board , on May 5, 2026. The EPC model agreement
means for the Issuer, as the Contractor, the general implementation of
the investment, where it is responsible for the design, delivery of key
components and execution of construction works.
Under the Agreement, the Issuer will be obliged to implement the
following issues:
execution of the complete EPC scope,
delivery of the BESS system 2.5 MW / 5.015 MWh _CIF Hamburg_,
and preparation of design documentation for Phase 2 _5 MW / 8 MWh_ at
the stage of applying for a building permit.
The Issuer's total remuneration for the performance of the Agreement was
set at a total amount of USD 938,000 net and includes:
I. EPC implementation worth USD 355,000 + 23% VAT:
execution of construction and electrical designs in accordance with
the decision on development conditions,
preparation and submission of an application for a building permit,
execution of construction and civil works,
construction of fencing for the area,
construction of an access road enabling the transport of BESS and
other elements,
a 2.5 MW 690 V - 2.5 MW transformer _ Trafta , Poland_ ,
connection to the Energa network in accordance with the terms of the
contract concluded by the Ordering Party,
implementation of fire protection systems.
II. Delivery of BESS worth USD 583,000 net _0% VAT_:
Delivery of a 2.5 MW / 5.015 MWh BESS system on CIF Hamburg terms ,
The Parties agreed that on the date of signing the Agreement, Bess Green
1 would make a payment w EUR równowartościof USD 122,500 netto. The
Issuer hereby announces that BESS GREEN 1 has complied with the
agreement and, as of the date of this report, Corey Europe SA received
the transfer of the amount in question. Subsequent payments will be made
in tranches, in accordance with the schedule agreed upon by the Parties.
The maximum deadline for completion and acceptance of the EPC scope was
set at 8 months from the date of receipt of the advance payment, while
the delivery deadline for BESS devices was set at 7 months from the date
of receipt of the advance payment.
The Ordering Party has committed to submit an application for the
connection of 5 MW / 8 MWh _Phase 2_ to ENERGA in May 2026. The Ordering
Party's goal is to start Phase 2 as soon as possible, in connection with
the planned launch of the adjacent GPZ,
A detailed EPC implementation schedule will be developed after obtaining
a building permit.
According to the information provided by the Ordering Party, an
environmental decision is not required for the investment.
The Company's Management Board will provide important information on
progress in the implementation of the agreement in separate current
reports.
The Issuer's Management Board provides this information due to the fact
that the conclusion of the above-mentioned agreement may have an impact
on the Issuer's financial results, which meets the requirements of
Article 17 section 1 of MAR.
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RB_ASO: Podpisanie umowy EPC (Engineering - Procurement - Construction).
