Investor relations

Receipt of notices pursuant to Article 70, item 1 of the public offering act and terms and conditions of introduction of financial instruments to the organised trading system and of the public companies.

Acting on the basis of art. 70, item 1 of the act of 29 July 2005 on the public offeringand terms and conditions of introduction offinancial instruments to the organised trading system and of public companies (Journal of Laws 2009, No. 185, item 1439, as amended), J.W. Construction Holding S.A. with its registered office in Ząbki (“the Company”), hereby informs that the following notifications were received on 15 May 2015:

I

Pioneer Pekao Investment Management S.A. (PPIM) acting in accordance with Article 69, par. 1, item 2 in conjunction with Article 87, par. 1, item 3, letter b of the act of 29 July 2005 on the public offering and the terms and conditions of introduction of financial instruments to the organised trading system and of public companies (Journal of Laws 2013, item 1382, as amended), notifies of the decrease of the total commitment to 4.98% of the total number of votes at the General Meeting of the company J. W. Construction Holding S.A. within the scope of financial instruments included in the portfolios managed in the context of PPIM management of financial instruments portfolio management services.

Before reducing participation in the accounts of all customers of Pioneer Pekao Investment Management S.A. there were4,554,118 shares, representing 5.13% in the Company's share capital, giving authorization to 4,554,118 votes at the General Meeting, representing 5.13% of votes at the General Meeting.

On 8 May 2015, as a result of the sales transaction, there was a change in the number of shares held (to 4,425,218), which represented 4,98% in the Company's share capital, giving authorization to 4,425,218 votes at the General Meeting, representing 4.98% of the votes at the General Meeting.

The shareholders holding in total the aforementioned number of votes at the General Meeting are all customers of Pioneer Pekao Investment Management S.A.(in the case of portfolios managed by PPIM).

II

Pioneer Pekao Investment Management S.A. (PPB), performing the agreement on the provision of services for the management of the investment portfolio of funds, concluded between Pioneer Pekao Towarzystwo Funduszy Inwestycyjnych S.A. and PPIM, and acting in accordance with Article 69, par. 1, item 2, and Article 87, par. 1, item 2, letter a of the act of 29 July 2005 on the public offering and the terms and conditions of the introduction of financial instruments to the organised trading system and of public companies (Journal of Laws 2013, item 1382, as amended) hereby notifies, on behalf of Pionieer Open Investment Fund, of the reduction reduction of the total commitment to the level of 4.89% of the total number of votes at the General Meeting of J.W. Construction Holding S.A. within the scope of shares included in the portfolio of the fund managed in the context of PPIM management of the fund’s investment portfolio.

Before reducing participation in the accounts of Pioneer Open Investment Fund, there were4,477,185 shares, representing 5.04% in the Company's share capital, giving authorization to 4,477,185 votes at the General Meeting, representing 5.04% of votes at the General Meeting.

On 8 May 2015, as a result of the sales transaction, there was a change in the number of shares held (to 4,348,285), which represented 4.89% in the Company's share capital, giving authorization to 4,348,285 votes at the General Meeting, representing 4.89% of the votes at the General Meeting.

The shareholder holding the above number of votes at the General Meeting is Pioneer Open Investment Fund. The fund portfolio constitutes a sub-group of all portfolios of customers of PPIM.