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

Jun 23, 2020

UNOFFICIAL TRANSLATION:

Current report No. 44/2020

Date of preparation: 2020-06-23

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

Subject: Resolution of the Management Board of i2Development S.A. on the settlement of part of issued series J bonds

Legal basis: Article 17 para. 1 MAR - confidentialinformation

With reference to current report No. 16/2020 of March5, 2020, the Management Board of i2 Development S.A. with its registeredoffice in Wrocław (the "Issuer") informs that in connection withnon-fulfillment the condition described in point 16. of the Bonds IssueTerms, the Issuer is obliged to settle part of the issued series Jbonds, i.e. 3,000 pieces with a total nominal value of 3,000,000, PLN 00(in words: three million zlotys). The relevant resolution was adopted onJune 23, 2020, and the settlement date was set for July 7, 2020.

In connection with the above, the Issuer will askKDPW to redeem the said bonds in accordance with the binding regulationsand procedures adopted by KDPW. After the redemption by the KDPW, thenumber of bonds marked with the code PLO222400023 will be 17,000 (inwords: seventeen thousand).

Signatures of persons representing the Company: