Investor relations

Legal basis: Article 56. 1.2 of the Act on Public Offering - current and periodic information

Acting pursuant to section 5.1 point 1 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") informs, that on 13 July 2011, the Company received the information that the District Court for Łódź - Śródmieście in Łódź, 16th Land and Mortgage Register Division, on 7 July 2011, made an entry of the joint contractual mortgage in the amount of PLN 56.100.000 in favor of Invest Bank Spółka Akcyjna in Warsaw ("the Bank") as a collateral for the credit value in the amount of PLN 33,000,000 , interest, and other charges in sections IV of the following land and mortgage registers:

1) Land and Mortgage Register No. LD1M/00091460/0 kept for the plot No. 96/3 with an area of 0,2597 ha located in Łódź, in Śródmieście District in Tylna 3 Street, of which ownership right belongs to the Company,

2) Land and Mortgage Register No. LD1M/00220715/7 kept for the plot No. 96/7 from a precintc S-9 with an area of 2,0074 ha located in Łódź, in Śródmieście District in Ks. BP. Wincentego Tymienieckiego 16C-16G, of which the right of perpetual usufruct belongs to the Company,

3) Land and Mortgage Register No. LD1M/00220714/0 kept for the plot No. 96/8 from a precintc S-9 with an area of 0,2338 ha located in Łódź, in Śródmieście District in Ks. BP. Wincentego Tymienieckiego 16C-16G, of which the right of perpetual usufruct belongs to the Company,

The value of the encumbered properties in the Company’s accounting books is disclosed at its purchase price and does not exceed 10 % of the Company’s equity capital.

On the property specified in point. 1 and 2 above, the Company is implementing the construction of a multi-family residential real estate with premises to be sold, the property mentioned in point. 3 above is used for communication services of implemented estate. 

There are no connections between the Bank, or the persons managing the Bank, and the Company, or the members of its Management Board or Supervisory Board.

The basis for a disclosure of this report is the fact that the value of the mortgage exceeds the equivalent of the amount of EUR 1,000,000, translated at average exchange rate announced by the Polish National Bank as at the day the criterion of the disclosure obligation had been met.