BBI Development S.A. — Capital/Financing Update 2020

Sep 29, 2020

UNOFFICIAL TRANSLATION:

Current report No. 56/2020

Date of preparation: 2020-09-29

Short name of the issuer: i2 Development S.A.

Subject: F series bonds early redemptionLegalbasis: Article 56 para. 1 item 2 of the Act on the offer - current andperiodic information

Management Board of i2 Development S.A. (hereinafter:the Issuer, the Company) informs that it has received information fromthe National Depository for Securities regarding the payment onSeptember 29, 2020 of cash to bondholders for the redemption of 67,136Series F bonds of the Issuer with a nominal value of PLN 100,00 each andwith a total nominal value of 6.713.600,00 PLN. The redemption wascarried out in accordance with the principles described in theSupplement to the Final Terms and Conditions of the Bond Issue,constituting an appendix to the Resolution of the Issuer's ManagementBoard of June 7, 2018. On the redemption date, the nominal value of thebonds was paid, along with the interest due for the next interest periodand the premium due for early redemption of the bonds. The total valueof interest and premiums per 1 bond was PLN 1.40.

Thus, series F Bonds have been fully redeemed by theIssuer, resulting in the expiration of all rights and obligationsresulting from them.

Signatures of persons representing the Company:

2020-09-29MarcinMisztalPresident ofthe Management Board