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

Aug 13, 2020

UNOFFICIAL TRANSLATION:

Current report No. 52/2020

Date of preparation: 2020-08-13

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

Subject: Resolution of the Management Board on theoverall, early redemption of series F bonds

Legal basis:Article 17 para. 1 MAR -confidential information

In reference to the current report No. 51/2020 ofAugust 13, 2020, the Management Board of i2 Development S.A. with itsregistered office in Wrocław (the "Issuer") informs that on August 13,2020, the Issuer adopted a resolution on the overall, early redemptionof series F bonds with a nominal value of PLN 100.00 (one hundredzlotys) each, issued by the Company pursuant to a resolution of theManagement Board Of the Company of February 2, 2018, amended by theresolution of the Management Board of the Company of March 2, 2018 andthe resolution of the Management Board of the Company of June 4, 2018and the resolution of the Management Board of the Company of June 7,2018, designated by the National Depository for Securities. with thecode "PLI2DVL00071" [hereinafter: Bonds].

The overall, early redemption of the Bonds will becarried out in accordance with the Bond Issue Terms by paying to theBondholder for each Principal Note Bond purchased, plus a premium forevery three full months remaining until the redemption date, togetherwith due and unpaid interest calculated in accordance with the Terms ofIssue. The redemption date will fall on the next interest day, i.e.September 29, 2020.

Signatures of persons representing the Company: