Investor relations

Report concerns:
Confidential

Report’s text:
Pursuant to Article 56 clause 1 point 1) of the Act on Public Offering, Conditions Governing the Introduction of Financial Instruments to Organized Trading, and Public Companies, dated 29 July 2005 (Dz. U. [Journal of Laws] No. 183, item 1558 as amended) (the “Offering Act”) J.W. Construction Holding S.A. with registered office in Ząbki (the “Company”) hereby informs that on 30 April 2008, a Natural Person terminated upon notice 40 out of 88 Preliminary Sales Agreements referred to in the current report No. 68 of 6 December 2007 (the “Current Report”). The terminated agreements regarded the Company’s construction, establishment of separate ownership titles as well as sale of apartments and shares in business premises and multi-space garages located in Warsaw, ul. Górczewska, together with shares in common areas and relevant shares in the land perpetual usufruct right.
The aforementioned agreements were terminated without contractual penalty payment. Due to the termination of the above agreements, payments made on the basis thereof were transferred to Project 55 Spółka z o.o. with registered office in Warsaw, a subsidiary of the Company (the “Subsidiary”) towards the Natural Person’s payment of the selling price of other apartments, for which preliminary sales agreements were concluded with the Subsidiary regarding the obligation to construct and sell the apartments.
Capitalized terms used but not otherwise defined herein shall have the meaning ascribed to them in the Current Report.