Investor relations

Legal basis: Legal basis: Article 17 section 1 of MAR – confidential information

Subject: Amendment to a significant agreement between subsidiaries

The Management Board of J.W. Construction Holding S.A. with its registered office in Ząbki ("Company") informs that on 12 April 2019 an annex to the agreement of 28 February 2017 was concluded between the subsidiaries of the Company: Hanza Invest S.A. with its registered office in Ząbki as Investor ("Investor") and J.W. Construction Spółka z o.o. with registered office in Ząbki as the General Contractor ("Contractor"), the object of which is the completion by the Contractor of the construction of a residential and commercial building in Szczecin at Wyzwolenia Av. Odzieżowa St. - "Hanza Tower", the conclusion of which the Company informed about in the current reports 9/2017 of 28 February 2017 and 34/2018 of 14 November 2018.r

By way of the annex, the following has been altered :

1. Scope of works has been increased in connection with additional works agreed between the parties to be carried out inside the building as well as in the scope of external land development, including in the road system.

2. Due to the change (extension) of the agreed scope of works, the remuneration agreed between the parties shall be increased by PLN 18,162,500 to PLN 191,162,500 net plus VAT at the applicable rate. 

The basis for the submission of this report is, in the Company's opinion, the significance of the annex for the operations of the Company's Capital Group.