Investor relations

Report concerns:
Establishing a mortgage

Report’s text:
Acting pursuant to § 5.1.(1) 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. 209/2005, item 1744) (hereinafter referred to as the Ordinance), J.W. Construction Holding S.A. with its registered office in Ząbki ("The Company") hereby informs that on 6 August 2008 the Company received a Notification dated 31 July 2008 from the District Court for Warsaw’s Mokotów District, 9th Land and Mortgage Register Division, informing that on 29 July 2008 in section IV of the Land and Mortgage Registers No. WA3M/00211006/2, WA3M/00445516/9, WA3M/00446053/2 and WA3M/00211332/6, maintained by that Court for the Company’s property located in Warsaw’s Białołęka District at ul. Lewandów ("the Property"), intended for a housing investment "Lewandów I", the following types of mortgage have been entered: contractual joint ordinary real estate mortgage for the amount of PLN 45,000,000 and a contractual joint real estate mortgage securing an existing or future claim to the maximum amount of PLN 13,050,000 for the benefit of Powszechna Kasa Oszczędności Banki Polski S.A. 15 Division in Warsaw ("the Bank"). On the Property, the Company carries out a property development project, i.e. the construction of a multi-family housing estate. The value of the Property has been recorded in the Company’s books at its purchase price and it does not exceed 10 % of the Company’s equity capital. There are no relations between the Bank or the management of the Bank and the Company or members of its Management or Supervisory Boards. The factor which determined that the mortgage is subject to be mandatorily disclosed under section 5.1.(1) of the Ordinance was its amount, exceeding the equivalent in Polish zlotys of Euro 1,000,000.