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 14th 2007 that the Company received a notification issued by the Regional Court for Warsaw-Mokotów City, IX Department of Mortgage Books dated on October 25th 2007, deciding a supplementation on this day, on the grounds of the Company’s application, a decision of making an entry dated on October 1st 2007 in section IV the following mortgage books: KW (Mortgage Book) No. WA3M/00441105/7, KW No. WA3M/00168739/2, KW No. WA3M/00402893/2, KW No. WA3M/00441331/0, KW No. WA3M/00443343/1, KW No. WA3M/00203827/4, KW No. WA3M/00441661/2, KW No. WA3M/00438077/7, KW No. WA3M/00444290/1, KW No. WA3M/00444291/8, KW No. WA3M/00444292/5, KW No. WA3M/00444294/9, KW No. WA3M/00444323/2, KW No. WA3M/00444386/1 run by this Court for properties belonging to the Company, situated in Warsaw, in region of Zdziarskiej Street („Real Estate”), maximum mortgage – up to the highest amount of 10.666.045,30 PLN for the benefit of Kredyt Bank S.A. in Warsaw ("Bank"). A credit agreement being basis for making the contemplated entry was described in Company’s Issuing Prospect confirmed by Financial Supervision Officials on May 9th 2007 published on May 10th 2007 (in section XXXVI, point 1.19). On the Real Estate the Company executes a developer project of multi-family housing estate construction. Value of the Real Estate 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 or 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.