Mota-Engil

M&A Activity • Jul 23, 2024

MOTA-ENGIL INFORMS ABOUT THE SIGNING OF CONTRACT EXTENSION IN GUINEA FOR THE ESTIMATED AMOUNT OF USD 290 MILLION

MOTA-ENGIL S.G.P.S., S.A. ("MOTA-ENGIL") informs that, through its subsidiary MOTA-ENGIL GUINÉ MANDIANA, signed the amendment and extension of the contract with Société des Mines du Mandiana S.A., a subsidiary of the Managem Group.

The updated contract refers to the production support ("Industrial Engineering Services") works of the Tri-K project, a gold mine located in the Siguiri basin, 90 km northeast of the city of Kankan. The project covers 473 km² and two mining zones and several exploration licenses. The incremental production of the remaining years of the initial deadline (2026) and the extension of the contract until 2029, will allow a turnover increase, resulting from this contract, by around USD 290 million.

With the contract amendment and extension now signed, MOTA-ENGIL reinforces the stability and predictability of its activity in the Industrial Engineering Services area and its diversification strategy in engineering and construction, increasing its order book in that Services area in Africa to over 2 billion euros.

Porto, July 23, 2024

THE REPRESENTATIVE FOR THE MARKET RELATIONS LUÍS SILVA