BBI Development S.A. — Capital/Financing Update 2019

Dec 20, 2019

UNOFFICIAL TRANSLATION: Current report no. 61/2019

Date: 2019-12-20

Short name of issuer: i2 Development S.A.

Subject: Partial redemption of series C bonds

Legal basis Article 17 para. 1 MAR - confidentialinformation

With reference to the information provided in CurrentReport No. 58/2019 of December 18, 2019, the Management Board of i2Development S.A. with its registered office in Wrocław (the "Issuer")informs that on 20 December, 2019 the Issuer made an partial redemptionof 14,700 series C bonds with a nominal value of PLN 1,000.00 (onethousand zlotys) each and a total nominal value of PLN 14,700,000(fourteen million seven hundred thousand zlotys). The partial redemptionwas carried out in accordance with the principles described in the Termsand Conditions of Bonds Issue, attached to the Issuer's Management BoardResolution of December 17, 2019.

The Issuer made an partial redemption of the Bonds bypaying to the Bondholder Main Receivable for each purchased Bondtogether with due and unpaid interest calculated in accordance with theTerms of Issue.

Signatures of persons representing the Company:

2019-12-20 Marcin Misztal President of the Board