Investor relations

Report concerns:
Conclusion of significant agreements

Report’s text:
Acting pursuant to section 5.1.(3) of the Ordinance of the Minister of Finance on current and periodical reporting by issuers of securities and on conditions of accepting as equivalent of the information required by legal regulations of a non-member country of 19 February 2009 (Journal of Laws No. 33/2009, item 259) (henceforth the Ordinance), J.W. Construction Holding S.A., with its seat in Ząbki, Poland (henceforth the Company) hereby reports that in the course of the last 12 months the Company together with its subsidiary concluded agreements with J.W. Consulting Spółka z ograniczoną odpowiedzialnością J.W. 3 Spółka komandytowo – akcyjna z siedzibą w Warszawie (henceforth J.W.3), the subject matter of which was drawing up bills of exchange with the due date up to 1 year, of a total value amounting to PLN 81,700,000 for the benefit of J.W.3 .

The bill of exchange of the highest value was drawn up on 8 April 2009 and amounts to PLN 28,200,000. Its interest rate was established based on WIBOR 3M rate increased by market margin, the due date was established at 31 December 2009.

The criterion for recognizing the agreements as significant lies in the fact that the total amount of the bills of exchange drawn up by the Company and its subsidiary for the benefit of J.W.3 in the last 12 months has exceeded 10% of the Company’s equity.