Investor relations

Report concerns:
Establishing of mortgage

Report’s text:
Acting on the basis of § 5 sect. 1, point 1 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 November 5th 2007 the Company received a notification from the Regional Court of Katowice – East XI Department of Mortgage Books dated on October 25th 2007 an information concerning entering on October 8th 2007 in IV division of Mortgage Book no. KA1K/00081261/0 run by this Court, belonging to the Company a property situated in Katowice marked as recorded parcels of land no 50/35, 50/36 and 50/37 from map 61 of total area 2.356 m2 (“Property”), a real estate mortgage securing an existing or future claim, up to maximum mortgage 8.250.000 PLN for the benefit of Invest – Bank S.A. Department in Warsaw ("Bank"). On the Property the Company executes a developer project of multi-family housing estate construction. Value of the Property in accounting books of the Company is quoted according to its purchasing price and it doesn’t exceed 10% of Company’s own capitals. There don’t exist any connections between Bank and persons managing the Bank and Company and members of its Managing Board and Supervising Board. Criteria that state that the contemplated mortgage is obligatorily revealed according to § 5 section 1, point 1 of the Resolution there is its value exceeding the equality in PLN the amount of 1.000.000 Euro.