Investor relations

Report concerns:
Issue of Bond Tranche

Report’s text:
Acting pursuant to Article 56 (5) of the Act of 29 July 2005 on Public Offering, Conditions for Introducing Financial Instruments to Organised Trading System and on Public Companies (Journal of Laws 2005, No. 183, Item 1538, as amended) and § 5 (1) (11) of the Regulation of the Minister of Finance of 19 October 2005 on Current and Periodical Disclosures by Issuers of Securities (Journal of Laws 2005, No. 209, Item 1744), with reference to the Current Reports 16/2007 of 21 June 2007 and 5/2008 of 10 January 2008, J.W. Construction Holding S.A. with its seat in Ząbki (the “Company”) hereby announces that in accordance with the Bond Issue Scheme launched under the agreements made with BRE Bank S.A. with its seat in Warsaw as described in Chapter XXXVI Section 8 of the Company’s Issue Prospectus as approved by the Financial Supervision Authority on 9 May 2007, the Company notifies that it has issued 797 short-term discounted bonds (the “Bonds”) with a par value of PLN 100,000 each and the aggregate value of PLN 79,700,000; the issue price and interest rate thereof are based on WIBOR 3M plus margin; these are unsecured bonds with the following maturity dates:
1/ 102 bonds – maturity date on 30 June 2008;
2/ 395 bonds – maturity date on 9 July 2008;
3/ 300 bonds – maturity date on 8 August 2008.

The value of debt incurred at 12 December 2007 amounts to PLN 695,535,000, including long-term debt of PLN 211,000,000 and short-term debt of PLN 484,535,000. The Company intends to maintain its debt at a safe level.
Proceeds from the bonds issue are intended for continuation of the development strategy of the Company.
The criteria based on which the above information has been deemed material is the fact that the aggregate value of the existing issues exceeds 10% of the Company’s equity.