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Current reports

Current report 21/2015

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

Subject of report: 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 the 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 “Issuer”) hereby informs that on 17 June 2015 Nowe Tysiąclecie Spółka z o.o seated in Ząbki (“the Company”), an Issuer’s subsidiary, became aware that the District Court in Katowice (Katowice Wschód), 11th Mortgage Register Division - on 16 June 2015 - entered a mortgage in Section IV of the land and mortgage register No. KA1K/00127396/0.

The mortgage of PLN 36,000,000 million was established for the perpetual usufruct of land plots No. 43/9, 52/5, belonging to the Company, of a total area of 0.4634 hectares (“real estate”) for the benefit of 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 24,000,000, the interest, commissions and fees, and other incidental receivables.

The value of the encumbered property in the accounting books of the Company amounts to PLN 4,290,000 and corresponds to the real estate purchase value.

In the real property, the Company is carrying out a residential investment consisting in constructing a multi-family building with residential premises for sale.

There are no links between the Company, the Issuer, their managers, and the Bank and its managers.

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.