Investor relations

Legal basis: Article 17(1) of MAR – confidential information

Topic of the report: new information on the submission by the Company of the highest bid in the tender for the purchase of real property in Cracow 

The Management Board of the company styled J.W. Construction Holding S.A. with its registered office in Ząbki (‘Company’) reports that on 28 June 2017 became aware that the Company had placed the highest bid for the purchase of real property sold by PKO Bank Polski S.A. with its registered office in Warsaw (‘Bank’).

The Company’s bid was placed in a open tender announced by the Bank for the sale of real property situated in Cracow at Wielopole Str. 19-21, Dietla Str. 86, 88 and 90, which so far had constituted unseparated independent units:

Business unit of surface area of 8,206.50 m2;

10 housing units:

Unit No 1 at Dietla Str. 90 of surface area of 34.97 m2;

Unit No 3 at Dietla str. 90 of surface area of 40.18 m2 along with appurtenant tenant’s basement of surface area of 14.35 m2;

Unit No 6 at Dietla str. 86 of surface area of 40.28 m2 along with appurtenant tenant’s basement of surface area of 13.65 m2;

Unit No 7 at Dietla str. 86 of surface area of 79.48 m2 along with appurtenant tenant’s basement of surface area of 13.68 m2;

Unit No 12a at Dietla str. 88 of surface area of 58.48 m2 along with appurtenant tenant’s basement of surface area of 26.07 m2;

Unit No 14a at Dietla Str. 86 of surface area of 34.94 m2;

Unit No 14b at Dietla Str. 86 of surface area of 23.36 m2;

Unit No 19 at Dietla str. 88 of surface area of 61.22 m2 along with appurtenant tenant’s basement of surface area of 12.33 m2;

Unit No 20 at Dietla str. 86 of surface area of 95.94 m2 along with appurtenant tenant’s basement of surface area of 15.57 m2;

Unit No 40 at Dietla Str. 86 of surface area of 51.85 m2 (hereinafter jointly referred to as ‘Real Property’).

For the Real Property, the Company offered the net price of PLN 44,100,000, which turned out to be the highest price offered in the tender procedure.

Currently, the Company awaits confirmation of the official outcome of the tender procedure, according to the terms of the tender the Bank is allowed 30 days of the opening of bids to decide on the outcome of the tender procedure. During that period, the Bank will verify the compliance with formal requirements of the tender procedure. The criterion of selection of the most competitive offer is the amount of the price offered. The Bank reserved the right to cancel the tender procedure at any time, until the promised sales contract is signed, without stating reasons and without facing any legal or financial consequences.

The basis for submission of this report is the relevance of the event to the Company’s operations.