J W Construction S A : Current report 8/2021

Subject: Early redemption of the series JWC0522 bond (ISIN PLJWC0000118)

Legal basis: Article 17 section 1 of MAR - confidential information

Content of the report:

The Management Board of J.W. Construction Holding S.A. with its registered office in Ząbki ('Company') hereby notifies the Bondholders of JWC0522 series bonds marked with ISIN code PLJWC0000118 ('Bonds') about a decision taken on 5 February 2021 concerning the exercise of the right to request an early redemption of all 70,000 (seventy thousand) Bonds in accordance with the rules set out in 8.4 of the Terms of Issue of the Bonds ('Obligatory Early Redemption at the Issuer's Request').

Pursuant to point 8.4 of the Terms of Issue of the Bonds, the Company provides the following information regarding the Obligatory Early Redemption at the Issuer's Request:

The Obligatory Early Redemption at the Issuer's Request shall take place on 12 March 2021, i.e. the Interest Payment Date;

On the date of the Obligatory Early Redemption at the Issuer's Request, an amount of PLN 275.00 shall be redeemed from each Bond, representing a 100% share of the nominal value of each outstanding Bond.

The total value of the outstanding Bonds to be redeemed by the Company is PLN 19,250,000.00.

An Obligatory Early Redemption at the Issuer's Request will result in full repayment of the nominal value of the Bonds issued by the Company.

The redemption shall be conducted in accordance with the regulations of the National Depository for Securities S.A. in Warsaw.

The record date for determining those entitled to redemption shall be 4 March 2021, being the record date for determining those entitled to receive interest on their payment date of 12 March 2021.