BBI Development S.A. — Board/Management Information 2019

Jul 5, 2019

UNOFFICIAL TRANSLATION:Current report No. 35/2019

Subject: Change of theChairman of the Supervisory Board, appointment of the Audit Committee

The Management Board ofi2 Development S.A. (hereinafter: the Issuer, the Company) informs thaton 4 July 2019 the Supervisory Board of the Company decided to changethe functions of members of the Company's Supervisory Board in such away that the current Chairman of the Supervisory Board, Mr. RadosławKuczyński, will act as a Member of the Supervisory Board; the currentmember of the Supervisory Board, Mr. Andrzej Kowalski, will act as aChairman of the Supervisory Board.

In addition, theSupervisory Board of the Company appointed the Audit Committee composedof:

1.Radosław Kuczyński -Chairman of the Audit Committee, independent member,

2. Michał Gabrysiak -Member of the Audit Committee, independent member,

3. Andrzej Kowalski -Member of the Audit Committee, a dependent member.

Until now, the tasks ofthe Audit Committee were performed by the Supervisory Board of theCompany. The duration of the first term of the Audit Committee will bethe same as the current term of the Supervisory Board, which means thatthe term of the Audit Committee will expire on the day of the GeneralMeeting of the Company approving the financial statements for 2020.

The Company informsthat the Audit Committee in the above-mentioned composition meets theindependence criteria and other requirements specified in art. 129 par.1, 3, 5, and 6 of the Act on statutory auditors, audit firms and publicsupervision, i.e .:

a) at least one memberof the audit committee has the knowledge and skills in the field ofaccounting or auditing of financial statements,b)at least one member of the audit committee has knowledge and skills inthe industry of the Company,c)the majority of the members of the audit committee, including itschairman, are independent onthe Company.