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

May 18, 2020

UNOFFICIAL TRANSLATION:

Current report No. 33/2020

Date of preparation: 2020-05-18

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

Subject: Resolution of the National Depository forSecurities regarding the withdrawal of bonds in connection with theirredemption

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

With reference to the report no. 32/2020 of May 11,2020 concerning the end of purchase of own bonds, the Management Boardof i2 Development S.A. (hereinafter: the Issuer, the Company), informsthat on May 18, 2020 the Management Board of the National Depository forSecurities (Krajowy Depozyt Papierów Wartościowych S.A., hereinafter:KDPW) at the request of the Issuer adopted a resolution to withdraw onMay 19, 2020 from the deposit 2.500 series I bonds of the Issuer, with anominal value of PLN 1,000.00 (one thousand zlotys) each and the totalnominal value of PLN 2,500,000.00 (in words: two million five hundredthousand zlotys), which were acquired by the Issuer on May 7, 2020 inconnection with their redemption. After the redemption by KDPW, thenumber of bonds marked with the above the code will be 5,000 (fivethousand).

Signatures of persons representing the Company:

2020-05-18MarcinMisztalPresident ofthe Management Board