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

Apr 23, 2020

UNOFFICIAL TRANSLATION:

Current report No. 27/2020

Date of preparation: 2020-04-23

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. 25/2020 of April 16,2020, the Management Board of i2 Development S.A. (hereinafter: theIssuer) informs that on April 22, 2020 adopted a resolution on theredemption of 2,500 Series I Issuer bonds, with a nominal value of PLN1,000.00 (in words: one thousand zlotys) each and a total nominal valueof PLN 2,500,000,00 (in words: two million five hundred thousandzlotys), which were acquired by the Issuer on April 16, 2020. The bondsare registered in the National Depository for Securities (hereinafter:KDPW) under the code 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 7,500(in words: seven thousand five hundred).

Signatures of persons representing the Company:

2020-04-23MarcinMisztalPresident ofthe Management Board