Investor relations

Subject: Selecting an offer to enter into a significant construction contract. 

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") hereby informs that on 18th May 2021 the offer of PORR S.A. with its registered office in Warsaw ("Contractor") was selected as the most optimal one for the realization of the investment in the general contractor system: Residential and Commercial Development Complex - 'Kościuszki Estate' (Stage I and II), comprising 264 residential units, on a property located in Chorzów at 89-95 Tadeusza Kościuszki Street, together with obtaining the final decision on the occupancy permit. 

The investment will be carried out by a special purpose vehicle company Chorzów Development Sp. z o.o. with its registered office in Ząbki. 

The Parties have now proceeded to negotiate the detailed terms of the agreement, with the selected offer including: 

Lump sum remuneration based on the scope of work of PLN 58,700,000.00 plus VAT at the rate applicable on the day of invoicing. 

Deadline for obtaining the final occupancy permit within 24 months. 

Detailed terms and conditions will be agreed in an agreement to be concluded, which the Company will inform of in a separate report.