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

Jul 1, 2019

UNOFFICIAL TRANSLATION: Current report No. 34/2019

Subject: Termination of the purchase of ownbonds, Management Board resolution regarding the redemption of bonds

With reference to the report no. 10/2019 dated6 June 2019, the Management Board of i2 Development S.A. (hereinafter:the Issuer, the Company) informs that on July 1, 2019 the Companyadopted resolution no. 1/07/2019 regarding the redemption of 6.454series B bonds of the Issuer with the nominal value of PLN 1,000.00(say: one thousand zlotys) each and the total nominal value of PLN6,454,000.00 (in words: six million four hundred and fifty four thousandzlotys), which were acquired by the Issuer in the period from June 6,2019 to June 28, 2019. The bonds are registered in the NationalDepository for Securities (hereinafter: KDPW) under the codePLI2DVL00048. The average unit purchase price of one Bond amounted PLN1,007.92 (including interest due)

In connection with the above, the Issuer willapply to KDPW with a request to redeem the said bonds in accordance withthe applicable regulations and procedures adopted by KDPW. After theredemption made by KDPW the number of bonds marked with theabovementioned code will be 8,546 units.