Investor relations

Legal basis: Article 70 point 1 of the Public Offering Act – information on the change of shares held

Topic of the report: Receipt of a notice under Article 70 point 1 of the Act on public offering and the terms and conditions for introducing financial instruments to an Organised Trading System and on public companies

Pursuant to Article 70 point 1) of the Act of 29 July 2005 on public offering and the terms and conditions for introducing financial instruments to an Organised Trading System and on public companies (Journal of Laws No 184 item 1539, as amended), J.W. Construction Holding S.A. with its registered office in Ząbki (‘Company‘) hereby reports that having received on 19 January 2017 the following notice from Mr Józef Wojciechowski:

‘NOTICE ON A CHANGE IN SHAREHOLDING (‘Notice’)

I, the undersigned, Józef Kazimierz Wojciechowski (hereinafter: ‘Shareholder‘), acting on my own behalf, pursuant to Article 69(1) point 1 of the Act of 29 July 2005 on public offering and the terms and conditions for introducing financial instruments to an Organised Trading System and on public companies (consolidated text in: Journal of Laws of 2016, item 1639, as amended) (hereinafter: ‘Act on offering‘), hereby notify a change in the previous shareholding status of J.W. Construction Holding S.A. (hereinafter: ‘Company‘).

The change in the Company’s shareholding structure effected by the Shareholder followed the settlement of a transaction entered into on 17 January 2017 which resulted in the acquisition by the Shareholder of 2,200,000 (in words: two million two hundred thousand) shares of the Company which account for approx. 2.48 % of the Company’s share capital, which give the right to 2,200,000 (in words: two million two hundred thousand) votes at the Company’s Annual Meeting, and account for approx. 2.48 % of the total number of votes at the Company.

Prior to the change in the shareholding structure the Shareholder held directly 8,566,039 (in words: eight million five hundred and sixty six thousand thrity-nine) shares of the Company which accounted for approx. 9.64 % of the Company’s share capital, which give the right to 8,566,039 (in words: eight million five hundred and sixty six thousand thrity-nine) votes at the Company’s Annual Meeting, and accounted for approx. 9.64 % of the total number of votes at the Company.

Currently, the Shareholder holds directly 10,766,039 (in words: ten million seven hundred sixty-six thousand and sixty-nine) shares of the Company which account for approx. 12.12 % of the Company’s share capital and which give the right to 10,766,039 (in words: ten million seven hundred sixty-six thousand and sixty-nine) votes at the Company’s Annual Meeting and which account for approx. 12.12 % of the total number of votes at the Company, and indirectly (through EHT S.A. with its registered office in Luxembourg which in 100 % is a subsidy of the Shareholder) the Shareholder holds 47,846,225 (in words: forty seven million eight hundred and forty six thousand two hundred and twenty-five) shares of the Company which account for approx. 53.84% of the Company’s share capital and give the right to 47,846,225 (in words: forty seven million eight hundred and forty six thousand two hundred and twenty-five) votes at the Company’s Annual Meeting, and which account for approx. 53.84% of the total number of votes in the Company.

EHT is the Shareholder’s sole subsidiary which holds shares at the Company.

As at the date of submission of this Notice, EHT S.A. with its registered office in Luxembourg holds directly 47,846,225 (in words: forty seven million eight hundred and forty six thousand two hundred and twenty-five) shares of the Company which account for approx. 53.84% of the Company’s share capital and give the right to 47,846,225 (in words: forty seven million eight hundred and forty six thousand two hundred and twenty-five) votes at the Company’s Annual Meeting, and which account for approx. 53.84% of the total number of votes and Company.

The Shreholder represents that he is not a party to the agreements whose subject-matter is to grant the right to exercise a vote at the Company to the persons referred to in Article 87(1) of the Act on offering.’