CR_34_2017 - Award of Tender to the Issuer’s Subsidiary (05.09.2017 6:55 PM)

LARQ S.A. CURRENT REPORT 34/2017 Subject:

Award of Tender to the Issuer's Subsidiary

General Legal Basis:

Article 17 (1) of the Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC

Text of Report:

The Management Board of LARQ S.A. of Warsaw (the "Issuer") hereby informs that, on 5 September 2017, the Issuer's subsidiary - Nextbike Polska S.A. z S.A. of Warsaw ("NEXTBIKE") was notified that the tender proposal submitted by NEXTBIKE was selected as the best tender to supply and service 300 city smartbikes for the Town of Turku in Finland (the "Contracting Entity").

The contract covers the supply and service of 300 city smartbikes in the period from 1 May 2018 to 30 April 2021 (the "Main Contract"); afterwards, the contract may be extended at the Contracting Entity's discretion, on the original terms, for another three years, i.e. for the period from 1 May 2021 to 30 April 2024. The contract deliverable also provides for the option of additional contracts for other municipalities in the Föli area.

The price offered by NEXTBIKE for fulfilment of the Main Contract is EUR 2,064,000.00.

The contract will be concluded upon submission by NEXTBIKE of documents in confirmation of its satisfaction of the requirements for participation in tendering and the absence of grounds for its exclusion.

Two tender proposals were submitted in the tender. The participants of tender procedure have the right to appeal during 14 days against the award of the contract to NEXTBIKE.

The Issuer will report on the execution of the contract with the Contracting Entity and its terms and conditions in a separate current report.

Report Date:

5 September 2017

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