Investor relations

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

Report Subject: establishment of a mortgage

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 6 Dec. 2016 the company acquired information on the entry - on 28 Nov. 2016, by the District Court in Gdynia, 5th Land and Mortgage Register Division in Section IV of the land and mortgage register No. GD1Y/00114329/2, kept for land plots No. 3221 and 3222 covering the total area of 2.1738 hectares, located in Gdynia close to Parkowa street (“real estate”) - of a mortgage in the amount of PLN 57,290,000 (“Mortgage”) for the benefit of Bank Millennium S.A. with its registered office in Warsaw (“Bank”).

The mortgage constitutes a collateral of the loan of PLN 33,700,000 granted by the Bank to the Company for the development of the Osiedle Bernadowo housing estate (Stage II).

In the said real estate, there is an investment in multi-family housing covering the construction of 236 residential premises, including the accompanying infrastructure with regards to, among other things, ground parking lots and underground garages.

The mortgage secures the loan granted for the financing of a part of the construction costs.

There are no links between the Company, its management, or supervisory boards.

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