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

Apr 16, 2020

UNOFFICIAL TRANSLATION:

Current report No. 24/2020

Date of preparation: 2020-04-16

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. 23/2020 of April 9,2020, the Management Board of i2 Development S.A. (hereinafter: theIssuer) informs that on April 16, 2020 adopted a resolution on theredemption of 5,000 Series I Issuer bonds, with a nominal value of PLN1,000.00 (in words: one thousand zlotys) each and a total nominal valueof PLN 5,000,000,00 (in words: five million zlotys), which were acquiredby the Issuer on April 9, 2020. The bonds are registered in the NationalDepository for Securities (hereinafter: KDPW) under the codePLO222400015.

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 10,000(in words: ten thousand).

Signatures of persons representing the Company: