Investor relations

Subject: Adoption of the bond issue programme by the Company's Management Board, conclusion of the programme agreement.

Legal basis : art. 17 section 1 of MAR - confidential information.

Management Board of J.W. Construction Holding S.A. with its registered office in Ząbki ("Company") informs that on 28 January 2020, it made a decision to launch a bond issue programme ("Programme"). Under the Programme, the Company intends to issue, in one or more series, bonds with a maximum nominal value of up to PLN 100,000,000.00. ("Bonds"). Therefore, on 28 January 2020 a programme agreement was concluded with Bank Polska Kasa Opieki S.A. with its registered office in Warsaw ("Bank"), on the basis of which the Bank was entrusted with the duties of an organizer, Calculation Agent and Dealer.

The Bonds will be issued pursuant to Article 33 (1) of the Bonds Act and the proposal to purchase the Bonds will be addressed only to qualified investors within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market and repealing Directive 2003/71/EC ("Prospectus Regulation") or to less than 150 natural or legal persons per EU member state other than qualified investors within the meaning of the Prospectus Regulation.

The bonds will be issued in a form that does not have a document, to bearer, and will be registered in the deposit of securities kept by the National Deposit of Securities S.A. in Warsaw.

Detailed terms and conditions of bond issue, including the nominal value, type, date of issue and redemption, rules for determining the issue price, interest rate and payment of due benefits from bonds, information about the planned introduction of bonds into trading in the alternative trading system Catalyst will be determined in the terms and conditions of issue of a given series.