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

May 11, 2020

UNOFFICIAL TRANSLATION:

Current report No. 32/2020

Date of preparation: 2020-05-11

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

Subject: Resolution of the Management Board of i2Development S.A. on the redemption of series I own bonds

Legal basis: Article 17 para. 1 MAR - confidentialinformation

With reference to report No. 29/2020 of May 7, 2020,the Management Board of i2 Development S.A. (hereinafter: the Issuer)informs that on May 11, 2020 adopted a resolution on the redemption of2,500 Series I Issuer bonds, with a nominal value of PLN 1,000.00 (inwords: one thousand zlotys) each and a total nominal value of PLN2,500,000,00 (in words: two million five hundred thousand zlotys), whichwere acquired by the Issuer on May 7, 2020. The bonds are registered inthe National Depository for Securities (hereinafter: KDPW) under thecode PLO222400015.

In connection with the above, the Issuer will requestKDPW to redeem the said bonds in accordance with the applicableregulations and procedures adopted by KDPW. After the redemption byKDPW, the number of bonds marked with the above the code will be 5,000(in words: five thousand).

Signatures of persons representing the Company:

2020-05-11MarcinMisztalPresident ofthe Management Board