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

Aug 13, 2020

UNOFFICIAL TRANSLATION:

Current report No. 51/2020

Date of preparation: 2020-08-13

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

Subject: Issue, allocation and summary of the Kseries bond offer

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

In reference to the current report No. 49/2020 ofJuly 24, 2020, the Management Board of i2 Development S.A. with itsregistered office in Wrocław ("Company") informs that on August 13,2020, the Issuer issued and allocated 10,000 series K bonds ("Series KBonds"), issued under the public bond issue program, without drawing upan issue prospectus, on the basis of an information memorandum("Memorandum").

The Company informs below about the results of theSeries K Bonds offer:

1. Subscription start and end date: July 27, 2020 -August 11, 2020.

2. Date of allocation of the securities: August 13,2020.

3. Number of securities covered by the subscription:10,000

4. Reduction rate: 42.206%

5. Number of securities subscribed for in thesubscription: 17.303

6. Number of securities that were allotted under thesubscription: 10,000

7. Price at which the securities were subscribed: PLN1,000.00

8. Number of people who subscribed for the securitiescovered by the subscription: 146

9. Number of people who were allocated the securitiesunder the subscription: 146

10. Name of the underwriters: The company did notconclude any underwriting agreements in connection with the Bond offer

11. Value of the subscription, understood as theproduct of the number of securities covered by the offer and the issueprice: PLN 10,000,000.00

12. Method of paying for the subscribed (purchased)securities: Most of the Series K Bonds were paid in cash (PLN6,987,700.00), the remaining part (PLN 3,012,300.00) are the currentseries F and G bondholders.

According to the Issuer's estimates, the total costsof the series K bond issue amounted to PLN 330,000.00 net, including:

a) costs of preparing and conducting the offer: PLN325,000.00

b) costs of remuneration of underwriters: PLN 0.00.

c) costs of preparing the information document,including consultancy costs: PLN 5,000.00 net,

d) costs of promoting the offer: PLN 0.00.

The costs of the issue of series K bonds will besettled over time and will be included in the Issuer's other financialcosts.

Signatures of persons representing the Company: