Investor relations

• 2010-07-09

Current report 41/2010

Current report of J.W. Construction Holding S.A. No. 40 / 2010

Legal basis: Section 70.1 Act on Public Offering  - NOTICE OF CHANGE IN NUMBER OF SHARES HELD

Report concerns:: Notice receipt based on section 70.1 of the Act on Publice Offering and Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies.

Acting pursuant to section 70.(1) of the Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies of 29 July 2005(Journal of LawsNo.184, item 1539 as amended), J.W. Construction Holding S.A.with its seat in Ząbki("the Company")(„Spółka”), hereby reports that on 9 July 2010 the Company received a noticefrom Mr. Józef Wojciechowski of the following content:

„NOTICE OF CHANGE IN NUMBER OF SHARES HELD BY THE COMPANY .
J.W. CONSTRUCTION HOLDING S.A.

Acting pursuant to the provisions of the section 69.2 item 2of the Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organized Trading and Public Companies of 29 July 2005 (Journal of Laws No.184, item 1539 as amended.), Józef Kazimierz Wojciechowski (henceforth„the Shareholder)”) hereby reports on 1July 2010, as a result of registration by District Court for the Capital City of Warsaw XIV Commercial Division of the National Court Register, which was reported by the Company in the current report 39/2010 of 6July 2010r, ofshare redemption and cancellation of the shares of the Company and of the settlement of package transactions carried out on 
29 June 2010 by the subsidiary EHT S.A. with its seat in Luxembourg at Warsaw Stock Exchange in Warsaw. The Shareholder's total share in the number of votes at the General Shareholders Meeting of J.W. Construction Holding S.A., with its seat in Ząbki, Poland (henceforth the Company), held directly and indirectly through EHT S.A. with its registered seat in Luxembourg (henceforth„EHT”[1]EHT) and the Company decreased by more than 1%.

Prior to the aforementioned change, the Shareholder held directly and indirectly through EHT and the Company the total number of 35.107.013 shares in the Company, which accounted for 64,18 % of the Company’s share capital, gave right to 35.107.013 votes at the General ShareholdersMeeting and represented 64,18 % of the total number of votes at the General Shareholders Meeting. Of which 15.413.713shares in the Company, which accounted for 28,18 % of the Company’s share capital, gave right to 15.413.713votes at the General Shareholders Meeting and represented 28,18 % of the total number of votes at the General Shareholders Meeting were held directly by the Shareholder and 19.068.300 shares in the Company, which accounted for 34,86 % of the Company’s share capital, gave right to 19.068.300 votes at the General Shareholders Meeting and represented 34,86 % of the total number of votes at the General Shareholders Meeting were held by the Shareholder through EHT and 625,000 shares in the Company, which accounted for 1.14% of the Company’s share capital, gave right to 625,000 votes at the General Shareholders Meeting and represented 1.14% of the total number of votes at the General Shareholders Meeting were held by the Shareholder through the Company.

On 1 July 2010, District Court for the Capital City of Warsaw XIV Commercial Division of the National Court Register registered redemption of the shares in the number of 625.000 units obtained by the Company within the scope of purchasing them for redemption - which entitled to 625.000 votes at the general meeting, what together with settlement of package transactions, on 29 June 2010, concluded by EHT S.A. with its seat in Luxembourg, as a result of which the Company disposed 500.000 shares entitling to 500,000 votes at the general meeting what reduced the number pf shares of 1,34%.

As a result of the aforementioned transactions, as at 7 July 2010the Shareholder holds directly and indirectly through EHT and the Company the total number of 33.982.013 shares in the Company, which account for 62,84 % of the Company’s share capital, give right to 33.982.013 votes at the General Shareholders’ Meeting and represent 62,84 % of the total number of votes at the General Shareholders Meeting.

As at 7 July 2010 :

1) The number of shares in the Company held directly by the Shareholder through EHT is 18.568.300, which accounts for 34,34% of the Company’s share capital, gives right to 18.568.300 votes at the General Shareholders Meeting and represents 34,34% of the total number of votes at the General Shareholders Meeting;

2) The number of shares in the Company held directly by the Shareholder is 15,413,713, which accounts for 28,50% of the Company’s share capital, gives right to 15,413,713 votes at the General Shareholders Meeting and represents 28,50% of the total number of votes at the General ShareholdersMeeting

[1] Józef Kazimierz Wojciechowski holds 99,9% of shares of Famhold S.A.with its seat in Luxembourg, that holds 99,9% of the company's bearer EHT S.A. with its seat in Luxembourg.