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 January 7th 2007 the Company was sent information by the Regional Court for Warsaw-Mokotów, X Department of Mortgage Books, dated on December 11th 2007, that on December 6th 2007 there was entered, in the section IV of Mortgage Book no. WA4M/00146188/1, run by this Court, for belonging to our Company’s real estate localized in Warsaw at Górczewskiej 181, marked as a registered plot no. 2/1 from premises 6-07-01 of area 70.030 m2 (‘Property’), a real estate mortgage securing an existing or future claim to maximal amount 41.730.000 PLN for the benefit of Bank Ochrony Środowiska S.A. I 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.