Investor relations

Subject: Amendment to a significant agreement between subsidiaries

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

Content of the report:

The Management Board of J.W. Construction Holding S.A. with its registered office in Ząbki ("Company") informs that on 7 August 2020 an annex to the agreement of 28 February 2017 was concluded between the Company's subsidiaries: Hanza Invest S.A. with its registered office in Ząbki as an Investor ("Investor") and J.W. Construction Spółka z o.o. with its registered office in Ząbki as the General Contractor ("Contractor"), the subject matter of which is the completion by the Contractor of the construction of a residential and commercial building in Szczecin at Wyzwolenia Street and Odzieżowa Street - "Hanza Tower", of which the Company informed in current report 9/2017 of 28 February 2017 and of the change in reports no. 34/2018 of 14 November 2018 and 11/2019 of 12 April 2019.

Under the Annex, the following deadlines have been changed: completion of work, which has been set at 31 December 2020, and obtaining a valid occupancy permit, which has been set at 31 January 2021.

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.