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

Jun 19, 2019

UNOFFICIAL TRANSLATION: Currentreport No. 24/2019

The Management Board of i2 Development S.A.with its registered office in Wrocław ("Issuer", "Company") herebyinforms that on June 12, 2019, acting pursuant to art. 76 par. 1 of theAct of 15 January 2015 on bonds (Journal of Laws of 2015, item 238) theCompany acquired 16 Issuer's series B bonds with a nominal value of PLN1,000 each, issued by the Company on the basis of the Management Boardresolution of January 13, 2017, marked by the National Deposit ofSecurities (Krajowy Depozyt Papierów Wartościowych S.A.) with the code"PLI2DVL00048" [hereinafter: Bonds]. The total nominal value of thepurchase of the Bonds is: PLN 16.000,00, and the average unit purchaseprice was PLN 1004.86 (including interest due). The transactions inquestion were concluded by submitting broker's orders in an alternativetrading system operated by the Warsaw Stock Exchange SA. on the Catalystmarket.

On June 19, 2019, the Issuer purchased 2099bonds with a par value of PLN 1,000 each outside the organized tradesystem. The total nominal value of the purchase of the Bonds amounted toPLN 2.099.000,00 and the average unit purchase price was PLN 1.008.52(including interest due).

The reason and purpose of the purchase ofthe Bonds is their redemption.