JR Holding SA

Board/Management Information • Mar 31, 2021

Management Board of the Berg Holding S.A. with its registered office inKatowice [Company, Issuer] informs about planned business strategy ofthe Issuer's subsidiary - Śląskie Kamienice S.A. based in Katowice[Śląskie Kamienice, Subsidiary] for the years 2021-2023.

Śląskie Kamienice, in which the Issuer acquired 100% of shares, wasestablished by Berg Holding on August 5, 2020, about which the Companyinformed in the ESPI current report No. 75/2020.

The main activity of Śląskie Kamienice includes investments on the realestate market [in particular in tenement houses] through the purchase ofreal estate, renovation or modernization [including renovation of thefacade, roof, utility installations, heating networks and common areas],sale of a tenement house or previously separated premises, as well as,at the clients request, furnishing the apartments with the necessaryfurniture and household appliances.

The subsidiary strategy for 2021-2023 includes:

1. Opening up to the local markets of the Silesian Agglomeration andlarger cities in Poland.

2. Construction of the first development housing estate.

3. Purchase of three more tenement houses.

4. Openness to foreign investors.

The subsidiary plans to operate based on a flexible model ofcooperation, i.e. participation in the purchase contribution, investmentcosts and profit distribution, at all stages at the level of: 60%Śląskie Kamienice, 40% Investor.

The main sales assumptions of the presented strategy assume theachievement of sales revenues, respectively approx.15 million PLN in2021, approx. 20 million PLN in 2022 and approx. 45 million PLN in 2023.

The Issuer will inform about updates or changes to the informationcovered in this report by way of relevant current reports.