Investor relations

Report concerns:
Bond issue

Report’s text:
Acting pursuant to section 5.1.(11). of the Ordinance of the Minister of Finance on current 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., with its seat in Ząbki (Poland) (henceforth the Company) hereby reports that within the framework of the bond issue program launched pursuant to the agreements concluded with BRE Bank S.A., with its seat in Warsaw, described in Chapter XXXVI, point 8 of the Company Prospectus approved by the Polish Financial Supervision Authority on 9 May 2007 (henceforth the Bond Issue Program), on the dates stipulated below, the Company issued in total 647 unsecured short-term discount bonds with a nominal value of PLN 100,000 each, amounting in total to PLN 64,700,000, whose issue price and interest rates were determined based on the WIBOR 3M rate plus margin (henceforth the Bonds) with the following maturity dates:
1/ On 3 October 2008 – 286 Bonds maturing on 7 January 2009.
2/ On 7 October 2008 – 117 Bonds maturing on 28 November 2008.
3/ On 28 November 2008 – 244 Bonds maturing on 6 January 2009.

The Company’s liabilities as at 30 September 2008 amounted to PLN 746,891,377.67, of which long-term liabilities: PLN 281,951,891.57, short-term liabilities: PLN 464,939,486.10. The Company intends to maintain its liabilities at a safe level. Funds raised through Bond issues will be allocated to funding the Company’s development strategy.