Investor relations

Report concerns:
Selection of a statutory auditor

Report’s text:
Acting pursuant to §5.1.19 of the Ordinance of the Minister of Finance dated 19 October 2005 regarding current and periodic information disclosed by issuers of securities (Journal of Laws, Dz. U. of 2005, No. 209, item 1744) (the "Ordinance"), J.W. Construction Holding S.A. with its registered office in Ząbki (the "Company") hereby announces that on 13 August 2008 the Company’s Supervisory Board selected – in accordance with §20.1d of Articles of Association – BDO Numerica Spółka Akcyjna (the "Auditor"), a joint-stock company with its registered office in Warsaw at ul. Postępu 12, 02-676 Warsaw, to review the stand-alone and consolidated financial statements of the Company for the 1st half of 2008 and to audit the stand-alone and consolidated financial statements of the Company for 2008. The Auditor is entered under the number 523 on the list of entities authorized to audit financial statements, which is maintained by the National Chamber of Statutory Auditors. The agreement with the Auditor will cover a review of the stand-alone and consolidated financial statements of the Company for the 1st half of 2008 and of the stand-alone and consolidated financial statements of the Company for 2008. To date, the Company has used the services of the Auditor for auditing the Company’s stand-alone and consolidated financial statements for the years 2003 to 2007. Furthermore, in the past the Company used the Auditor’s services while drawing up business plans, for overall financial advice, due diligence of other entities, consulting regarding the purchased companies and regarding the initial public offering of the Company’s shares.