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Investor relations

Current reports

Current Report 27/2007

Subject:

Purchase of financial assets

Report content:

Acting on the basis of § 5 paragraph 1 subparagraph 1 in connection with § 2 paragraph 5included 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) (The Decree) J.W. Construction Holding S.A. having head office in Ząbki (“Company”) inform that the contract on purchase of 1.000 shares with nominal value of 1£ per share in the company acting under the name of J.W. Construction 1 Limited with head office in London (Shares) from Mr. Maciej Sławomir Gnoiński on 31st July 2007. The Shares being purchased constitute 100% of capital stock of the company operating under the name of J.W. Construction 1 Limited and authorize to the same number of votes at the General Meeting of shareholders of that company. Any activity has been not run up to the present time by the company under the name of J.W. Construction 1 Limited. The shares have been purchased for the price equal to nominal value of the shares being purchased. The purchased shares will be recognized in the account books of the Company as at their nominal value. The shares have been purchased using the own funds and constitute a long term investment.

The intention of the Company is to run marketing activities and to act as a trade agency selling the products of the Company in the territory of United Kingdom through the good offices of the company under the name of J.W. Construction 1 Limited.

The Seller of the Shares is the President of the Management in the subsidiary company P.T. Czarny Potok S.A. with head office in Krynica and the Chairman of Supervisory Board in the subsidiary company TBS Marki Spółka z o.o. with head office in Warsaw and was the member of the Supervisory Board in the Company up to 16th February 2007. The basis of recognition of the assets being purchased as the significant ones is the fact that the shares being purchased constitute more than 20% of capital stock in the company under the name of J.W. Construction 1 Limited which meets the criterion determined in § 2 paragraph 5included in the Decree.