Investor relations

Report concerns:
Bond issue

Report’s text:
Acting pursuant to para. 5 subpara. 1 point 11 of the Ordinance of the Minister of Finance of October 19, 2005 regarding current and periodical information submitted by issuers of securities (Journal of Laws of 2005 No. 209, item 1744), J.W. Construction Holding S.A. with its registered office in Ząbki (“Company”) announces that within the framework of the bond issue program launched pursuant to the agreements concluded with BRE Bank S.A. with its registered office in Warsaw, described in Chapter XXXVI, point 8 of the Company’s Prospectus approved by the Polish Financial Supervision Authority on May 9, 2007 (“Bond Issue Program”), on the dates stipulated below, the Company issued in total 725 unsecured short-term discount bonds with a nominal value of PLN 100,000 each, amounting in total to PLN 72,500,000, whose issue price and interest rates were determined based on the WIBOR 3M rate plus margin (“Bonds”) with the following maturity dates:
1/ On April 25, 2008 – 100 Bonds maturing on July 25, 2008.
2/ On May 16, 2008 – 180 Bonds maturing on May 15, 2009.
3/ On May 16, 2008 – 65 Bonds maturing on July 25, 2008.
4/ On June 19, 2008 – 380 Bonds maturing on September 19, 2008.

The Company’s liabilities as at March 31, 2008 amounted to PLN 721,761,977.95, of which long-term liabilities: PLN 242,674,996.75, short-term liabilities: PLN 479,086,981.19. The Company intends to maintain its liabilities at a safe level. Funds raised through Bond issues will be allocated to funding the Company’s development strategy.