Investor relations

Report concerns:
Bond issue

Report’s text:
Pursuant to § 5 clause 1 point 11 of the ordinance of the Minister of Finance of 19 October 2005 on current and periodic information disclosed 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 (the “Company”) hereby informs that as part of the bond issue program launched on the basis of agreements concluded with BRE Bank S.A. with its registered office in Warsaw, as specified in section XXXVI point 8 of the Company’s Prospectus approved by the Polish Financial Supervision Authority on 9 May 2007 (the “Bond Issue Program”), at the dates specified below, the Company issued the total of 691 short-term, unsecured, discount bonds, with a face value of PLN 100,000 each, with a total value of PLN 69,100,000, whose issue price and interest were determined based on the 3M WIBOR rate plus margin (the “Bonds”) with the following maturity dates:
1/ on 30 June 2008 – 102 Bonds maturing on 22 September 2008;
2/ on 30 June 2008 – 286 Bonds maturing on 3 October 2008;
3/ on 9 July 2008 – 303 Bonds maturing on 7 October 2008.

The value of the Company’s liabilities as at 31 March 2008 amounted to PLN 721,761,977.95, including long-term liabilities of PLN 242,674,996.75 and short-term liabilities of PLN 479,086,981.19. The Company intends to keep its liabilities at a safe level. The funds from Bond issue are used for financing the Company’s development strategy.