Investor relations

Report concerns:
Amendment to the Statutes

Report’s text:
Acting under Art. 39 par. 1 item 2) of the Ordinance of the Minister of Finance dated 19 October 2005 concerning current and periodic information provided by issuers of securities (Journal of Laws No. 209, item 1744), J.W. Construction Holding S.A. with the registered office in Ząbki ("Company") informs that on 30 May 2008 it received the decision by the District Court for the capital city of Warsaw, 14th Business Division of the National Court Register, dated 26 May 2008 concerning the registration of amendments to the Company statutes ("Statutes") made by the Extraordinary General Meeting of the Company on 1 April 2008.

The Company announces the list of amendments to the Statutes, and the content of the Statutes final wording in an enclosure to this Report.

Amendments to the Statutes:
Art. 14 par. 1
previous wording:
"The Management Board of the Company shall consist of three to eight members, including the President of the Management Board and the President of the Holding, appointed for a common term of office. The number of members of the Management Board shall be fixed by the Supervisory Board. A change in the number of members of the Management Board shall be possible during the term of office."

Art. 14 par. 1
new wording:
"The Management Board of the Company shall consist of three to eight members, including the President of the Management Board, appointed for a common term of office. The number of members of the Management Board shall be fixed by the Supervisory Board. A change in the number of members of the Management Board shall be possible during the term of office."

Art. 14 par. 2
previous wording:
"A Shareholder in possession of over 50% of the Company shares is entitled to a personal authority to appoint and dismiss a half of the Management Board members, including the President of the Management Board and the President of the Holding. Should the Management Board consist of an uneven number of members, the Shareholder referred to in the preceding sentence is entitled to a personal authority to appoint and dismiss accordingly: two members of the Management Board (for a three-person Management Board), three members of the Management Board (for a five-person Management Board), and four members of the Management Board (for a seven-person Management Board). Such authorities shall be exercised by way of a written declaration to appoint or dismiss a member of the Management Board, or to entrust with, or dismiss from the function of the President of the Management Board or the President of the Holding. In case of an appointment, a statement of consent expressed by the person to be appointed to the Management Board shall be attached to the declaration referred to in the preceding sentence. The other members of the Management Board shall be appointed and dismissed by the Supervisory Board."

Art. 14 par. 2
new wording:
"A Shareholder in possession of over 50% of the Company shares is entitled to a personal authority to appoint and dismiss a half of the Management Board members, including the President of the Management Board. Should the Management Board consist of an uneven number of members, the Shareholder referred to in the preceding sentence is entitled to a personal authority to appoint and dismiss accordingly: two members of the Management Board (for a three-person Management Board), three members of the Management Board (for a five-person Management Board), and four members of the Management Board (for a seven-person Management Board). Such authorities shall be exercised by way of a written declaration to appoint or dismiss a member of the Management Board, or to entrust with, or dismiss from the function of the President of the Management Board. In case of an appointment, a statement of consent expressed by the person to be appointed to the Management Board shall be attached to the declaration referred to in the preceding sentence. The other members of the Management Board shall be appointed and dismissed by the Supervisory Board."

Art. 14 par. 11 - deleted