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MESSAGE _ENGLISH VERSION_
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The Management Board of MBF Group S.A., with its registered office in
Warsaw _the "Issuer", the "Company"_, with reference to Current Report
No. 5/2026 dated 16 February 2026 and Current Report No. 8/2026 dated 27
February 2026, hereby announces that on 30 August 2026 it decided to
terminate the Issuer's participation in the project concerning the
execution of a formal ICPO _Irrevocable Corporate Purchase Order_ for
the supply of Ultra Low Sulphur Diesel 10 ppm _EN590_.
The decision was taken in light of the current geopolitical conditions
affecting the international trade in fuels, product availability,
logistics and the ability to ensure stable conditions for the execution
of the transaction. The partner involved in the project's implementation
structure is currently unable to ensure the fulfilment of the order on
terms consistent with its original assumptions.
At the same time, continuing with the project despite the lack of
confirmed feasibility, given the significant volatility in fuel prices,
costs and logistical conditions, is not - in the Management Board's view
- economically justifiable. Continuing to maintain readiness to fulfil
the contract would increase commercial, organisational and reputational
risks, without sufficient certainty that the project could be
successfully completed.
Consequently, the Management Board has decided to withdraw the Issuer
entirely from further participation in the execution of the ICPO
contract in question and from performing organisational, coordination
and intermediary functions within the framework of that project. This
decision relates solely to the project described in Current Report No.
8/2026 and does not imply that the Company is relinquishing the
opportunity to participate in other projects concerning the
international trade in fuels and petroleum products.
The termination of the Issuer's participation in the project in question
does not give rise to any obligation on the part of the Company to pay
contractual penalties, damages or other financial liabilities.
Furthermore, the potential financial result indicated in Current Report
No. 8/2026 will not be realised in relation to this contract; had the
contract been successfully concluded and the first delivery carried out,
this result could have amounted to approximately 2 per cent of the
transaction value.
The Issuer emphasises that the decision concerning the order in question
does not constitute a termination or cancellation of the framework
agreement concluded with Gas Fusion Trading Refined Oil Products Abroad
Co. L.L.C., based in Dubai. The Company continues to cooperate with this
entity on the basis of existing arrangements and does not rule out
participation in future brokerage projects in the international trade in
fuels, provided that geopolitical, commercial, regulatory and logistical
conditions allow for their safe and economically viable implementation.
The Management Board has classified the above information as
confidential in view of the definitive termination of the Issuer's
participation in the project involving the declared volume of the first
delivery amounting to 50,000 MT, the impossibility of achieving the
potential financial result indicated in Current Report No. 8/2026, and
the need to provide investors with full and up-to-date information on
the current status of the previously reported project. Accordingly, the
Issuer is making this information public in accordance with Article
17_1_ of the MAR Regulation.
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RB_ASO: Zakończenie udziału Emitenta w projekcie realizacji zamówienia ICPO na dostawę paliwa
