Investor relations

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

Topic of the report: suretyship for a subsidiary  

The Management Board of the company styled J.W. Construction Holding S.A. with its registered office in Ząbki (‘Company‘) hereby reports that on 10 February 2017, the Company granted suretyship to Alior Bank S.A. (‘Bank’) for an amount up to PLN 141,789,712 for the liabilities on account of the credits contracted by Hanza Invest S.A. (the Company’s subsidiary).

The suretyship was granted in connection with the conclusion by Hanza Invest S.A. and the Bank of a credit agreement under which the following credits were granted: an investment credit for PLN 138,789,712 and for VAT of PLN 3,000,000, allocated to the financing of expenses of the implementation of the Hanza Tower investment project in Szczecin at Al. Wyzwolenia and at Odzieżowa streets.

The conclusion of the credit agreement by Hanza Invest S.A. secured by the Company through suretyship was notified by the Company in Current Report No 7/2017 of today.

The basis for submission of this report is the amount of the suretyship granted.