Investor relations

Report concerns:
The buy-back programme involving the purchase of own shares for redemption

Report’s text:
Acting pursuant to para. 5.1.(6) of the Ordinance of the Minister of Finance on current and periodical reporting by issuers of securities of 19 October 2005 (Journal of Laws No. 209/1744) (henceforth the Decree) and Article 4.4. of the Commission Regulation (EC) No. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programmes and stabilisation of financial instruments (henceforth the Commission Regulation), J.W. Construction Holding S.A. with its registered office in Ząbki, Poland (henceforth the Company) hereby reports that on 22 July 2008 as part of its buy-back programme involving the purchase of own shares for redemption, acting pursuant to Article 362.1.(5) of the Polish Commercial Companies Code (Kodeks spółkek handlowych), the Company bought back 6,589 own shares of PLN 0.20 par value each, i.e. 0.01 per cent of its share capital. The purchased shares carry 6,589 votes at General Meetings, which corresponds to 0.01 per cent of the total number of votes. The average price per share was PLN 17.96.

After the execution of the transaction reported herein, the Company holds 6,589 own shares in total. They correspond to 0.01 per cent of the Company’s share capital and carry 6,589 votes at General Meetings, i.e. 0.01 per cent of the total number of votes. The average price per share was PLN 17.96.