Investor relations

Legal basis: Article 70 item 1 of the act on offer – information about changes in the number of shares held

Subject of report: receipt of notification under Article 70, item 1 of the public offering act and conditions of introduction of financial instruments to organised trading venues and public companies

Acting on the basis of Article 70 of the law of 29 July 2005 on public offering and conditions for the introduction of financial instruments to organised trading and public companies (Oj L,, p. 1). No 184, item 1539, as amended), J. W. Construction holding S. A. with its registered office in Ząbki (“company”), hereby informs that it received notifications from EHT S on 23 December 2016. A. with its registered office in Luxembourg, reading as follows:

“NOTICE of CHANGE IN THE HOLDING OF SHARES (“notice”)

Acting on behalf of the company under the business name OF EHT Société anonyme with its registered office in Luxembourg (hereinafter “EHT”), pursuant to Article 69, par. 1 of the act of 29 July 2005 on public offering and conditions of placing financial instruments on the organised trading system and on public companies (consolidated text: Journal of laws of 2016, item 1639, as amended) (hereinafter referred to as the “quotation act”), we hereby inform you about changing the existing State of holding company shares under company name J. W. Construction holding S. A. (hereinafter referred to as the “company”).

The change in the company's share of THE company's shares by EHT took place on 22 December 2016. as a result of the transaction as a result of which Mr. Józef Kazimierz Wojciechowski, a shareholder of the company, which is the parent entity with REGARD TO EHT, contributed to EHT 15,351,700 (in words: fifteen million three hundred fifty one thousand seven hundred) shares of the company, representing about 17.28% of the company's share capital, representing the right to 15,351,700 (in words: fifteen million three hundred fifty one thousand seven hundred) votes at the company's general meeting, representing 17.28% of the total number of votes in the company, as a non-monetary contribution to the share capital increase OF EHT (hereinafter referred to as the “transaction”).

Prior to the transaction, EHT had 32,494,525 (say: thirty two million four hundred ninety four thousand five hundred twenty five) shares of the company, representing about 36.57% of the company's share capital, giving the right to vote to 32,494,525 (say: thirty two million four hundred ninety four thousand five hundred twenty five) votes at the company's general meeting, representing about 36.57% of the total number of votes in the company.

Currently, EHT holds 47,846,225 (in words: forty seven million eight hundred and forty six thousand two hundred and twenty five) shares of the company, representing about 53.84% of the company's share capital, giving the right to 47,846,225 (say: forty seven million eight hundred forty six thousand two hundred twenty five) votes at the company's general meeting, representing about 53.84% of the total number of votes in the company.

EHT does not have subsidiaries holding company shares.

In addition, EHT hereby represents that it is not a Party to the agreements the object of which is to delegate the power to exercise the voting rights in the company to the persons referred to in Article 87, par. 1 of the act on the quotation.”