Investor relations

Subject
Allotment of New Shares Series B and Traded Shares

Legal Basis
Article 56 paragraph 1 subparagraph 2 included in the Act on Offer – Current and Periodical Information

Report Content:
Acting on the basis of paragraph 33 subparagraph 1 included in the Decree of Finance Minister of 19th October 2005 regarding the Current and Periodical Information handed over by the Issuers of Securities (Journal of laws 2005, No 209 Item 1744 including further amendments) J.W. Construction Holding S.A. having head office in Ząbki (“Company”) and Sezam II Closed Investment Fund ("Seller") herewith convey the information regarding the Offer accomplished on the basis of the Emission Prospectus of the Company of 9th May 2007 including revisions (“Prospectus”).
Unless reserved otherwise in the content of the present Report, the terms with initial capital letter have the meaning assigned to them in Prospectus..
1. The date of commencement and completion of the Offer: the Offer has been commenced on 17th May 2007 and completed on 29th May 2005.
2. The date of allotment of Offered Shares: Allotment of Offered Shares took place on 30th May 2007.
3. The number of shares encompassed with subscription and sales: the Subscription Offer encompassed 3.448.280 Company shares Series B, the Sales Offer encompassed 7.500.000 Company shares Series A. 
4. The reduction rates in individual tranches: the reduction rates were equal to 
a) in Directed Tranche - 0%;
b) in Qualified Investors Tranche - 0%;
c) in Individual Investors Tranche – 98,1%.
5. The number of shares subscribed in framework of subscription and sales: Total number of Offered Shares which have been subscribed was equal to 79.598.455 including 2.781.011 shares in Directed Tranche; 70.031.063 shares in Individual Investors Tranche and 6.786.381 shares in Qualified Investors Tranche.
6. The number of shares allotted in framework of subscription and sales: Total number of Offered Shares which have been allotted was equal to 10.948.280 including 3.448.280 shares offered in the framework of the Subscription Offer and 7.500.000 shares offered in the framework of the Sales Offer
7. The price of Shares acquisition and purchase: Emission Price and Sales Price was equal to 71,00 PLN per each Offered Share.
8. The number of subscribers for the Shares encompassed by subscription and sales in individual Tranches: number of persons who subscribed the Offered Shares encompassed by Subscription Offer and Sales Offer was equal to 12.807, including:
a) in Directed Tranche – 1.619;
b) in Qualified Investors Tranche – 148;
c) in Individual Investors Tranche – 11.040.
9. The number of persons to whom the shares have been allotted in the framework of subscription and sales program in individual tranches: The number of persons to whom the shares have been allotted in the framework of Subscription and Sales Offer was equal to 12.541, including:
a) in Directed Tranche – 1.619;
b) in Qualified Investors Tranche – 148;
c) in Individual Investors Tranche – 10.774.
10. The names of Sub-issuer companies acquiring the shares in framework of execution of the contracts on sub-emission: not applicable, any contracts on sub-emission have been not concluded.
11. The value of completed subscription and sales: the value of completed Subscription Offer was equal to:
244.827.880 PLN, the value of completed Sales Offer was equal to: 532.500.000 PLN, total value of the Offer was equal to 777.327.880 PLN.
12. Joint determination of the costs qualified as emission costs: owing to the fact that the calculations of the Offer costs by the Company has been not completed yet, the Company will inform about costs finally incurred immediately after their calculation.
13. Average costs of subscription and sales execution: information on average cost of the Offer accomplishment: will be published jointly with the information indicated in Item 12 of the present report.