Investor relations

Legal basis: Art. 70(1) of the Act on Public Offering - information on change in the number of shares held

Subject: Receipt of a notification pursuant to Article 70(1) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies

Acting pursuant to Article 70(1) of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (Journal of Laws No. 184, item 1539, as amended), J.W. Construction Holding S.A. with its registered office in Ząbki ("Company"), hereby informs that on 26 April 2019 it received a notification from Mr. Józef Wojciechowski of the following content:

„Notification of a change in the state of the shares held ('Notification') I, the undersigned, Józef Kazimierz Wojciechowski (hereinafter "Shareholder"), acting on my own behalf, pursuant to Article 69 (1) (1) of the Act of 29 July 2005 on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organised Trading, and Public Companies (consolidated text: Journal of Laws of 2016, item 1639, as amended) (hereinafter "Act on Public Offering"), hereby notify of a change in the current holding of shares in J.W. Construction Holding S.A. (hereinafter "Company"). The change in the Shareholder's ownership of the Company shares took place as a result of the settlement of the transaction concluded on 26 April 2019, of which the Company notified in Current Report 12/2019 , resulting in the acquisition by the Company - a subsidiary of the Shareholder - of 1,413.861 (one million four hundred thirteen thousand eight hundred and sixty-one) shares of the Company, constituting approx. 1.59% of the share capital of the Company, giving the right to 1,413,861 (one million four hundred thirteen thousand eight hundred and sixty-one) votes at the General Meeting of the Company, constituting approx. 1.59% of the total number of votes in the Company.

Before the change, the Shareholder held in total 79,941,188 (seventy-nine million nine hundred forty-one thousand one hundred and eighty-eight) shares in the Company, representing approximately 89.96% of the Company's share capital, giving the right to 79,941,188 (seventy-nine million nine hundred forty-one thousand one hundred and eighty-eight) votes at the Company's General Meeting of Shareholders, constituting approximately 50% of the Company's share capital and giving the right to 79,941,188 (seventy-nine million nine hundred forty-one thousand one hundred and eighty-eight) votes at the Company's General Meeting of Shareholders. directly: 32,094,963 (thirty-two million ninety-four thousand nine hundred and sixty-three) shares in the Company, constituting approx. 36.12% of the Company's share capital and giving the right to 79,941,188 (seventy-nine million nine hundred forty-one thousand one hundred and eighty-eight) votes at the Company's General Meeting of Shareholders. directly: 32,094,963 (thirty-two million ninety-four thousand nine hundred and sixty-three) shares in the Company, constituting approx. 36.12% of the Company's share capital and giving the right to 32,094.963 (thirty-two million ninety-four thousand nine hundred and sixty-three) votes at the Company's General Meeting, constituting approximately 36.12% of the total number of votes in the Company and indirectly - through EHT S.A. seated in Luxembourg, being a 100% subsidiary of the Shareholder, the Shareholder holds 47,846.225 (forty-seven million eight hundred forty-six thousand two hundred and twenty-five) shares of the Company, constituting approx. 53.84% of the share capital of the Company, giving the right to 47,846,225 (forty-seven million eight hundred forty-six thousand two hundred and twenty-five) votes at the General Meeting of the Company, constituting approx. 53.84% of the total number of votes in the Company.

Currently, the Shareholder holds 81,355,049 (eighty-one million three hundred fifty-five thousand forty-nine) shares in the Company, constituting approx. 91.55% of the Company's share capital and entitling to 81,355,049 (eighty-one million three hundred fifty-five thousand forty-nine) votes at the Company's General Meeting of Shareholders, constituting approx. 91.55% of the total number of votes in the Company, of which:

- directly 32,094,963 (thirty-two million ninety-four thousand nine hundred and sixty-three) shares in the Company, constituting approx. 36.12% of the Company's share capital, giving the right to 32,094,963 (thirty-two million ninety-four thousand nine hundred and sixty-three) votes at the Company's General Meeting of Shareholders, constituting approx. 36.12% of the total number of votes in the Company;

- indirectly - through EHT S.A. seated in Luxembourg, being a 100% subsidiary of the Shareholder, the Shareholder holds 47,846,225 (forty-seven million eight hundred forty-six thousand two hundred and twenty-five) shares in the Company, constituting approximately 53.84% of the Company's share capital, giving the right to 47,846,225 (forty-seven million eight hundred forty-six thousand two hundred and twenty-five) votes at the Company's General Meeting of Shareholders, constituting approximately 53.84% of the total number of votes in the Company. As at the date of submitting this Notification, EHT S.A. with its registered office in Luxembourg holds directly 47,846,225 (forty-seven million eight hundred forty-six thousand two hundred and twenty-five) shares of the Company, constituting approx. 53.84% of the Company's share capital, giving the right to 47,846,225 (forty-seven million eight hundred and forty-six thousand two hundred and twentyfive) votes at the Company's General Meeting of Shareholders, constituting approx. 53.84% of the total number of votes in the Company.

- through J.W. Construction Holding S.A. with its registered office in Ząbki, being a subsidiary of the Shareholder, the Shareholder holds 1,413,861 (one million four hundred thirteen thousand eight hundred sixty one) shares of the Company, constituting approx. 1.59% of the share capital of the Company, giving the right to 1,413,861 (one million four hundred thirteen thousand eight hundred sixty one) votes at the General Meeting of the Company, constituting approx. 1.59% of the total number of votes in the Company.

The Shareholder declares that he is not a party to any agreements whose object is to transfer the right to exercise voting rights in the Company to persons referred to in Article 87 (1) of the Act on Public Offering.