Investor relations

Subject: Change in the nominal value of JWC1120 series bonds

Legal basis : art. 56 (1)(2) of the Act on Public Offering - current and periodic information

Content of the report:

Pursuant to § 5 point 2 of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and on conditions under which information required by legal regulations of a third country may be recognised as equivalent (Journal of Laws No. 2018, item 757), J.W. Construction Holding S.A. ("Company") informs that on 15 November 2019 it redeemed 45% of the original nominal value of series JWC1120 bonds, coded ISIN PLJWC000000126, issued pursuant to the Resolution of the Management Board of the Company of 2 November 2017 with the maturity date of 16 November 2020, in the total number of 94,000, in the initial nominal value of PLN 1,000 each bond ("Bonds"). Including the redemption conducted today, the Company has purchased 55 % of the nominal value of each of the Bonds. Therefore, the nominal value of each of the Bonds has changed, which before the current redemption amounted to PLN 900 and currently amounts to PLN 450. The redemption was performed in accordance with the terms and conditions of the Bonds issue and within the time limit specified in the terms and conditions.