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

Sep 1, 2020

UNOFFICIAL TRANSLATION:

Current report No. 54/2020

Date of preparation: 2020-09-01

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

Subject: End of purchase of own bonds, resolutionof the National Depository for Securities regarding the withdrawal ofbonds in connection with their redemption

Legal basis: Article 56 para. 1 item 2 of the Act onthe offer - current and periodic information

In reference to current reports No. 52/2020 and 53/2020of August 13, 2020 regarding the resolutions of the Management Board ofi2 Development S.A. (hereinafter: the Issuer, the Company) regarding theentire, early redemption of series F and G bonds, the Issuer informsthat on September 1, 2020 the Management Board of the NationalDepository for Securities S.A. (hereinafter: KDPW), at the request ofthe Issuer, adopted a resolution on the withdrawal, on September 4,2020, of 19,129 series F bonds of the Issuer, with a nominal value ofPLN 100.00 (in words: one hundred zlotys) each and a total nominal valueof 1,912,900.00 PLN (in words: one million nine hundred and twelvethousand nine hundred zlotys) and 1,740 series G bonds of the Issuer,with a nominal value of PLN 1,000.00 (in words: one thousand zlotys)each and a total nominal value of PLN 1,740,000.00 (in words: onemillion seven hundred forty thousand zlotys). After the redemption bythe National Depository for Securities, the number of series F bondswill be 67,136 (in words: sixty-seven thousand one hundred andthirty-six), and the number of series G bonds will be 7,260 (in words:seven thousand two hundred and sixty). Thus, the Issuer completed thepurchase of its own series F bonds, which it informed about in thecurrent report No. 30/2020 of May 7, 2020. The maturity date for theremainder of the series F and G bonds will fall on the next interestday, i.e. September 14, 2020 (for series G) and September 29, 2020 (forseries F).

Signatures of persons representing the Company: