Investor relations

Report concerns:
Bond issue

Report’s text:
Acting pursuant to para. 5.1.(11). of Decree of the Finance Minister on ad hoc and periodical reporting by issuers of securities of 19 October 2005 (Journal of Laws of 2005, No. 209, Item 1744), J.W. Construction Holding S.A., Ząbki, Poland (henceforth the “Company”) hereby reports that, as part of the bond issue scheme launched on the basis of the relevant agreements with BRE Bank S.A., Warsaw, Poland, which are disclosed in Chapter XXXVI point 8 of the Company’s Prospectus, approved by the Polish Financial Supervision Authority on 9 May 2007 (henceforth the “Bond Issue Scheme”), on the following dates the Company issued a total of 545 short-term unsecured discount bonds, with a face value of PLN 100,000 each and with a total value of PLN 54,500,000, whose issue price and interest rate were determined by reference to the 3-month WIBOR plus a margin (henceforth the “Bonds”), with the following redemption dates:
1/ on 8 August 2008: 150 Bonds maturing on 5 November 2008
2/ on 19 September 2008: 395 Bonds maturing on 28 November 2008.

The Company’s liabilities stood at PLN 782,434,562.28 as at 30 June 2008, including non-current liabilities of PLN 293,288,879.35 and current liabilities of PLN 489,145,682.93. The Company intends to keep its liabilities at a safe level. Bond issue proceeds are to be used to finance the Company’s growth strategy.