Investor relations

Legal basis:Art. 56, par. 1, item 2 of Offer Act - current and periodic information

Report Subject: establishment of a mortgage

Acting in pursuance of § 5, par. 1 of the Regulation of the Minister of finance of 19 February 2009 on the current and periodic information provided by issuers of securities and the conditions for recognition as equivalent the information required by national laws of a country which is not a member state (Journal of Laws 2009, No. 33, item 259) (“the Regulation”) J. W. Construction Holding S. A. with its registered office in Ząbki (the “Company”) hereby informs that on 20 March 2015 it became aware that the District Court in Gdynia, 5th Mortgage Register Division – on 19 March 2015 - entered a mortgage in Section IV of the land and mortgage register No. GD1Y/00112532/4.

The mortgage of PLN 59,850,000 million was established on the land property right of the land parcel, owned by the Company, No. 91/1, covering the area of 2.0613 ha, located in Gdynia in the area of Park street (“real property”).

The mortgage was established for Getin Noble Bank S.A. with its registered office in Warsaw (“Bank”). The mortgage secures the repayment of the loan granted by the Bank to the Company in the amount of PLN 39,900,000.00, the interest, commissions and fees, and other incidental receivables, due to the loan agreement concluded on 10 February 2015, No. KRI/14A573Q.

The value of the encumbered property in the account books amounts to PLN 16,069,174.59.

In the real estate, the housing estate Bernadowo Park (Stage I) is being built. In Stage I, there are 196 premises to be sold.

There are no links between the company, the management or supervisory persons of the Company and the Bank.

The basis of this report is that the value of the mortgage established exceeds the equivalent of 1,000,000 EUR converted at the average rate published by the National Bank of Poland on the day on which the information obligation was created.