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Contracts with Babcock & Wilcox Volund ApS. 13 june 2003

During the last 12 months RAFAKO S.A. has concluded two contracts with Babcock & Wilcox Volund ApS, Sweden for the total of 4.1 million EURO.

During the last 12 months RAFAKO S.A. has concluded two contracts with Babcock & Wilcox Volund ApS, Sweden for the total of 4.1 million EURO. One of the agreement of the 2.6 million EURO value was signed on December 5th, 2002. RAFAKO will deliver boiler components for municipal waste incineration plant in Bandhagen Sweden. The contract should be completed by September 2003.

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