S.N.T.G.N. Transgaz S.A. — Capital/Financing Update 2018

Mar 26, 2018

23 March 2018

Release

Conclusion of the contract for the execution works related to Podișor, Bibești, Jupa compressor stations within the BRUA project Phase I

The National gas transmission company TRANSGAZ S.A. informs that today, 23 March 2018, the sectoral works contract with the scope "Execution works for the compressor stations TCS PODISOR, TCS BIBESTI and TCS JUPA within the project: "DEVELOPMENT OF THE NATIONAL GAS TRANSMISSION SYSTEM ON THE BULGARIA - ROMANIA - HUNGARY – AUSTRIA CORRIDOR, PHASE 1(BRUA – Phase 1)" was signed, participation announcement onto SEAP no 178482/30.08.2017, in the amount of lei 288,742,446.15, VAT excluded.

The winner of the tender, signatory of the contract, is the Association INSPET SA – leader, PETROCONST SA – associate, MOLDOCOR SA – associate, HABAU PPS PIPELINE SYSTEMS SRL – associate, IRIGC IMPEX SRL – associate, SUTECH SRL – associate, TIAB SA – associate, ROCONSULT TECH SRL – associate.

We would also like to mention that the works commencement order according to the project implementation schedule will be signed on 14.04.2018.

The National Gas Transmission Company Transgaz SA Romania is the technical operator of the National Gas Transmission System (NTS) ensuring the meeting of the national strategic goals for domestic and international gas transmission in conditions of efficiency, transparency, safety, nondiscriminatory access and competitiveness, as well as the research and design in its specific domain of activity, complaint with the European and national laws, the quality, performance, environmental protection and sustainable development standards.

INSTITUTIONAL COMMUNICATION DEPARTMENT