Investor relations

Report concerns:
Purchasing of financial assets

Report’s text:
Acting on the basis of § 5 sect. 1 point 1 with reference to § 7 and § 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 November 12th 2007 The Company purchased from bankruptcy trustee of Porta Holding S.A. with headquarters in Szczecin (“Alienator”) 258.307 shares of nominal value of 100 PLN per a one in a company making business under firm Porta Transport Ltd. Company with headquarters in Szczecin (“Shares”).

Shares being aliened make 99,99% of initial capital of the company under firm Porta Transport Ltd. and entitle to the same number of votes during company’s partners assemble. The company under the firm Porta Transport Ltd. runs an activity in scope of transport service provided for Stocznia Szczecińska Nowa Ltd. and provides shipping services in the country and abroad. Moreover, it has rights to perpetual usufruct of lands situated in the territory of Szczecin City 9,5 hec. According to state on day of making this report, the Company is going to continue previous Porta Transport Ltd. activity, however, the Company heads for making complex analysis of an activity in scope of shipping services and transport maintenance of the Stocznia Szczecińska Nowa Ltd. Company which up to has been managed by Porta Transport Ltd., not excluding a possibility of separating and selling in the future assets related to this activity for the benefit of separate entities within Company’s capital group or out of the Company’s capital group. These shares were purchased for 19.117.737,41 PLN and will not be included in accounting books of the Company according to value of their purchasing. There don’t emerge any relations between the Seller and the Company or its managing and supervising persons as well. Together with described Shares, the Company purchased on its own, rights of perpetual usufruct, lands adjusting to the property, being in Porta Transport Ltd’s perpetual usufruct of total area 102.528 sq. m. described in the valid report no. 52 dated on 26.10.2007. The Company is going to use perpetual usufruct purchased in scope of above-described transaction in scope of run by the Company developer activity.

Principle of the agreement acceptation as a significant agreement is a fact that shares being purchased make more than 20% of initial capital in company under firm Porta Transport ltd. Company with headquarters in Szczecin – what meets criteria determined in § 2 sect. 5 of Resolution. These shares were purchased from own means of the Company and are long-term investment.