The Executive Board of Apator SA announces that subsidiary Apator Rector Sp. z o.o. concluded the contract with Tauron Dystrybucja SA ("TD") with the value of ca. PLN 26.3 million.

The contract is for the provision of maintenance, support and development services for the Network Asset Management [ZMS – Zarządzanie Majątkiem Sieciowym] IT system implemented at TD from 2021 to 2024.

According to the provisions of the contract, TD is entitled to charge contractual penalties, in particular for:

• delays in the performance of maintenance services, support services, development services, or warranty benefits,
• delays in removing failures or defects.

Total value of the contractual penalties cannot exceed 20% of the total amount of remuneration of Apator Rector sp. z o. o., however TD can claim supplementary damages on general terms and conditions.

Other conditions of the contract do not differ from conditions commonly used for this type of transactions.