Investor relations

Current report 4/2010

Report concerns:

J.W. CONSTRUCTION HOLDING SA - Change to the established mortgages

Legal basis:

section 5.1.(1) of the Ordinance of the Minister of Finance of 19 February 2009

Report's text:

Acting pursuant to section 5.1 point 5 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) ("the Ordinance") J.W. Construction Holding S.A. with its seat in Ząbki ("the Company") reports that on 20 January 2010 received a notice from District Court for Warsaw Mokotow, 9thLand and Mortgage Division ('the Court") on 12 January 2010 informing about registering of the change to the mortgages: an ordinary contractual collective mortgage of PLN 43,000,000 and a contractual collective capped mortgage in the amount of 12,470,000 zł ("the Mortgages") whose establishment was reported in the Current Report No.52/2008 of 29 July 2008, whose change was disclosed in the Current Report No.30/2009 of 23 June 2009 The change based on the notice of 20 January 2010 is to decrease the amount of established Mortgages:

the amount of the ordinary contractual collective mortgage was decreased from
PLN 43,000,000 to PLN 29,500,000

the amount of the contactual collective capped mortgage was decreased from PLN 12,470,000 to PLN 5,900,000

and the maturity date from 31 August 2010 to 31 December 2010
In the remaining scope,information provided in the previous current reports No.52/2008 of 29 July 2008 and No.30/2009 of 23 July 2009 remains up-to-date.