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

May 4, 2020

UNOFFICIAL TRANSLATION:

Current report No. 28/2020

Date of preparation: 2020-05-04

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. 27/2020 of April 23,2020 concerning the end of purchase of own bonds, the Management Boardof i2 Development S.A. (hereinafter: the Issuer, the Company), informsthat on April 30, 2020 the Management Board of the National Depositoryfor Securities (Krajowy Depozyt Papierów Wartościowych S.A.,hereinafter: KDPW) at the request of the Issuer adopted a resolution towithdraw on May 5, 2020 from the deposit 2.500 series I bonds of theIssuer, with a nominal value of PLN 1,000.00 (one thousand zlotys) eachand the total nominal value of PLN 2,500,000.00 (in words: two millionfive hundred thousand zlotys), which were acquired by the Issuer onApril 16, 2020 in connection with their redemption. After the redemptionby KDPW, the number of bonds marked with the above the code will be7,500 (seven thousand five houndred).

Signatures of persons representing the Company: