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Current report 39/2010

  • 2010-07-06

Current report 39/2010

Acting pursuant to section 5.1.9 and 5.1.12 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,of 2009 item 259) ("the Ordiance") J.W. Construction Holding S.A. with its seat in Ząbki ("the Company") reports that on 5 July 2010 accepted the information that the District Court for the Capital City of Warsaw XIV Commercial Division of the National Court Register registered, on 1 July 2010,the decrease in share capital of the Company from PLN 10.939.656 to PLN 10.814.656, that is PN 125.000. Afterthe registration of decrease of the Company’s share capital, its structure is as follows: 54.073.280 of ordinary bearer shares of series A and B with the nominal value of PLN 0,20 each.

The total number of votes that results from all issued shares, after registration of
the change(decrease) ofshare capital of the Company amounts to PLN 54.073.280.
The reduction of the share capital of the Company is a result of the share redemption of 625,000 bearer shares, with a nominal value PLN 0,20 each, entitling to 625,000 votes at the general meeting of the Company, obtained by the Company in the scope of programfor acquisition and redemption of shares ("Program") conducted on the basis of the Resolution No.26 of the Shareholders'Meeting dated on 19 June 2008. The implementation of the Program was carried out by hand ofUnicredit CAIB Poland S.A.with its seat in Warsaw under the agreement of 9 July 2008.Shares were redeemed by the Company with the consent of shareholders pursuant to the Resolution No. 26 of the Shareholders' Meeting of the Company dated on 18 May 2010.

The Company redeemed shares that were obtained by the Company for a total remuneration amounting to PLN 4.429.867,11 the remunaration for redemption of shares came from the suplemmentary capital that was establishedfrom previous retained earnings. The amount of Company's share capital after redemption amounts to PLN 10.814.656 , and the total number of votes at the general meeting amounts to 54.073.280.