Mota-Engil

M&A Activity • Aug 9, 2021

MOTA-ENGIL INFORMS ABOUT THE SIGNATURE OF AN ADDENDUM TO A MINING CONTRACT IN PROGRESS IN MOZAMBIQUE WHICH TOTAL AMOUNT REACHES 871 MILLION USD

MOTA-ENGIL S.G.P.S., S.A. ("MOTA-ENGIL"), informs that its subsidiary for the Africa region has signed an addendum to a mining contract currently underway in Moatize - Mozambique, whose client is the multinational Group Vale, S.A., which total amount reaches 871 million USD, an increase of 427 million USD in comparison with the initial amount of the contract – 444 million USD.

The aforementioned addendum establishes the extension of the current mining contract for an additional period of 2 years, being its conclusion now set for December 31, 2024.

With this addendum, the GROUP is recognized for its performance in this contract, originally signed in 2017, as well as in the mining business, and reinforces its backlog in the Africa region with a medium and long-term contract which generates recurrent cash-flows.

Porto, August 9 2021

THE REPRESENTATIVE FOR THE MARKET RELATIONS LUÍS SILVA