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 periodical 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 December 11th 2007 the Company received a notification from Regional Court in Pruszków – VI Department of Mortgage Books dated on December 3rd 2007 information about entering on November 29th 2007 in IV division of Mortgage Book no. WA1P/00045796/0 run by this Court, belonging to the Company a property situated in Ożarów Mazowiecki commune marked as recorded parcel of land no. 3/27 and no. 3/28 from PGR Kręczki Kaputy territory of total area 20,2392 hectares ("Property"), a real estate mortgage securing an existing or future claim, up to maximum mortgage 27.930.096 PLN for the benefit of Bank Millennium S.A. with headquarters in Warsaw ("Bank"). On the Property the Company intends to execute 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 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.