Market announcement

Title

Conclusion of a significant agreement by subsidiary of RESBUD SE.

Message

The Management Board of RESBUD SE (registration code:14617750), with its registered office in Harju maakond, Tallinn, Kesklinna linnaosa, Järvevana tee 9-40, 11314 Estonia informs, that today it received information form the subsidiary Energokompliekt OOO about the conclusion by this company of two agreements with "PT-Инжиниринг" AO on 18 June 2021. The subject of the concluded agreements is supply of the heat and mechanical equipment for the investments caried out by the counterparty. The total contracts value is RUB 276,500,000, which is approximately 3.215.695 EUROS. The agreements will be carried out by the subsidiary of RESBUD SE from 2021 to 2022. The other terms and conditions of the agreements do not differ from the usual terms of this type of contracts.

In addition, the issuer informs, that a subsidiary of RESBUD SE concluded an agreement for the supply of the equipment on April 30, 2021 with the "PT-Инжиниринг" AO, the value of that agreement was RUB 50,504,000. However, given that the value of previous agreement was not significant, the issuer did not inform about its conclusion. After the transactions on 18 June 2021, the total value of the agreements concluded with this counterparty is RUB 327,004,000, which is approximately 3.803.056,52 EURO. Taking into account the total turnover in the current calendar year with this counterparty, RESBUD SE will inform about the conclusion of further agreements with the "PT-Инжиниринг" AO by its subsidiary.

The estimated value of concluded agreements given by the issuer in EURO was determined on the basis of the RUB/EURO indicator, published by the European Central Bank on 18 June 2021.