Investor relations

Report concerns:
Establishing a Mortgage 

Report’s text:
Acting pursuant to Article 5 clause 1 sub-clause 1 of the regulation of the Finance Minister dated 19 October 2005 on current and periodical information delivered by issuers of securities (Journal of Laws of 2005 No. 209 item 1744) ("Regulation"), J.W. Construction Holding S.A. with its registered office in Ząbki ("Company") informs that on 20 March 2008 the Company became aware that on 18 March 2008 the District Court for Warszawa Mokotów in Warsaw, 13th Land and Mortgage Register Division entered a contractual ordinary mortgage in the amount of PLN 10,000,000 to section 4 of the Land and Mortgage Register No. WA1M/00149632/9 maintained by the Court for a real property owned by the Company located in Warsaw at Al. Jerozolimskie marked as plot record No. 62 from precinct 2-08-31 with the surface area of 4,258 square meters ("Real Property") to secure the repayment of the loan principal granted to the Company, and a contractual capped mortgage up to the amount of PLN 2,600,000 to secure the payment of interest on the said loan in favour of Powszechna Kasa Oszczędności Bank Polski Spółka Akcyjna Branch 15 in Warsaw ("Bank"). The value of the Real Property in books of account maintained by the Company is recognized at its purchase price and does not exceed 10 % of the Company’s equity. There are no relations between the Bank and persons who manage the Bank and the Company and members of its Management Board and Supervisory Board. The criterion for the mandatory disclosure of the fact of setting a mortgage pursuant to Article 5 clause 1 sub-clause 1 of the Regulation is an amount of mortgage above a PLN equivalent of EUR 1,000,000.