Investor relations

Legal basis: Art. 17, par. 1 of MAR – confidential.

Report Contents: The Management Board of the Company named J.W. Construction Holding S.A. with its registered office in Ząbki _“the Company”_ hereby informs that on 2 December 2016 the Company and its subsidiary - Hanza Invest S.A. with its registered office in Ząbki - concluded an agreement on the sale of real estate together with a residential housing facility under construction in Szczecin at aleja Wyzwolenia.

On the basis of the said agreement the Company sold to Hanza Invest S.A. land parcels bearing numbers: 22/2 with a surface area of 5,261 m 2 _ kW SZ1S/82676/9_ and 22/3 with an area of 455 m 2 _ kW SZ1S/221568/6 _ including a housing facility under construction (“0” development level) for the net amount of PLN 61,797,028. Moreover, the subject of the agreement was the sale by the Company to Hanza Invest S.A. of building permits, construction documentation, and the rights to project preparation activities. The total net value of the contract is PLN 74,000,000.

According to the building permit, it is planned to build in the real estate a building, with a predominance of housing functions, of a height of almost 100 m. The building is intended to contain, inter alia, approximately 480 housing units.

Hanza Invest S.A. will pay the selling price from its own funds originating from the share capital and issued on the date of today's convertible bonds replaced with shares acquired by the Company, with the value of PLN 34,000,000.

This event was deemed relevant in the Company’s opinion.