Investor relations

Subject:
Alienation of financial assets

Report Content:
Acting on the basis of § 5 sect. 1, point 1 in relation to § 2 section 5 of Minister of Finances resolution dated on October 19th 2005 concerning the valid and periodic information conveyed by issuers of securities (Dz. U. dated on 2005, No. 209, poz. 1774) (“Resolution”) J.W. Construction Holding S.A. with headquarters in Ząbki ("Company") informs that on June 25th 2006 the Company aliened 490 shares of nominal value 50 PLN per a one of company acting under firm Hotel 500 Limited Liability Company for the benefit of Mr. Józef Wojciechowski who had previously 51% of this company shares. Shares being aliened make 49% of initial capital of company under firm Hotel 500 Ltd. and entitle to the same number of votes during company’s partners assemble. Company under firm Hotel 500 Ltd. hasn't run activity so far. Shares were aliened with price equal to nominal value of aliened shares.

Purchaser of shares in company Hotel 500 Ltd. is a related entity of the Company and, taking under consideration the fact it fulfils the function of Chairman of Company's Supervisory Board, it is dominating entity in relation to the Company and also cousin of Mr. Roman Kobyliński who is Member of Company’s Supervisory Board. Principle of the agreement acceptation as a significant agreement is a fact that shares being aliened make more than 20% of initial capital in company under firm Hotel 500 ltd. with headquarters in Ząbki – what meets criteria of significant value determined in § 2 sect. 5 of Resolution.