Investor relations

Report concerns:
Making a significant agreement

Report’s text:
Acting on the basis of § 5 sect. 1, point 3 of Minister of Finances resolution dated on October 19th 2005 concerning the valid and periodic information conveyed by issuers of securities (Dz. U. No. 209, poz. 1774) ("Resolution") J.W. Construction Holding S.A. with headquarters in Ząbki ("Company”) hereby informs, that on December 4th 2007 it made with BRE Bank S.A. with headquarters in Warsaw (“Bank”) an agreement (“Agreement”), which subject is to determine a warranty rate and maximal amount of Bank’s warranty obligation with reference to program of Company’s bonds emission which was described in Chapter XXXVI point 8 of the Company’s Emission Prospect approved by Commission of Financial Supervision on May 9th 2007.

The Agreement is a warranty agreement made on November 17th 2006 made with the Bank, which subject is issuing by the Bank a warranty of purchasing bonds issued by the Company but not purchased by individual investors in scope of Company’s bonds emission program. According to the Agreement the warranted rate in relation to any series of bonds, being subject of Bank’s purchase as a guarantor shall be adequate in scope of obligatory date of a particular series – stake from cash market WIBOR from particular day before a day of bonds series emission, increased by a margin. Amount of warranted obligation shall be 39.500.000 PLN. The agreement shall be valid from December 4th 2007 until November 30th 2008.

The basis to consider Agreement being valid is regulation included in §2 sect. 1, point 51 of Resolution – value of made agreement exceeds 10% of own capitals of the Company.