Investor relations

Report concerns:
Mortgage establishment

Report’s text:
Pursuant to § 5 clause 1 point 1 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) (the “Ordinance”) J.W. Construction Holding S.A. with its registered office in Ząbki (the “Company”) hereby informs that on 10 July 2008 the Company received a notice from the District Court of Gdańsk-Północ in Gdańsk, 3rd Division of the Land and Mortgage Register (the “Court”) of 26 June 2008, with information regarding the entry of a contractual capped mortgage, established for the benefit of Invest Bank S.A., Warsaw Branch (the “Bank”) in the amount of PLN 8,500,000 in the 4th Division of the Land and Mortgage Register for the following real property:
1. land of 2.0600 ha located in Juszkowo, the Municipality of Pruszcz Gdański, Land and Mortgage Register No. GD1G/00081215/4 kept by the Court;
2. land of 0.3600 ha located in Juszkowo, the Municipality of Pruszcz Gdański, Land and Mortgage Register No. GD1G/00083716/0 kept by the Court (the “Real Property”)
The mortgage was established to secure the repayment of principal and interest for a revolving overdraft facility extended by the Bank to the Company.
The value of the Real Property in the Company’s accounting records is recognized at acquisition price and does not exceed 10 % of the Company’s equity. There are no relations between the Bank / its managers and the Company / members of its Management and Supervisory Board. In line with § 5 clause 1 point 1 of the Ordinance, the aforementioned mortgage was subject to the disclosure obligation due to its amount, exceeding the PLN equivalent of EUR 1,000,000.