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

Apr 9, 2020

UNOFFICIAL TRANSLATION:

Current report No. 23/2020

Date of preparation: 2020-04-09

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

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

Legal basis: Article 17 para. 1 MAR - confidentialinformation

Management Board of i2 Development S.A. with itsregistered office in Wrocław (the "Issuer") informs that on April 9,2020 the Management Board adopted a resolution on the purchase for theredemption of 5,000 series I bearer bonds, not having the form of adocument, with a nominal value of PLN 1,000.00 (one thousands zlotys)each and the total nominal value of PLN 5,000,000 (five million zlotys)issued by the Company on the basis of the resolution of the Issuer'sManagement Board of December 17, 2019 regarding the issue of bonds,marked by the National Depository for Securities [hereinafter: KDPW]with the code 'PLO222400015' [hereinafter: Bonds].

The Bonds were acquired for the purpose of theirredemption pursuant to art. 76 section 1 of the Act of 15 January 2015on bonds on 9 April 2020. The Company purchased the Bonds by paying tothe bondholder for each purchased I Series bond together with due andunpaid interest calculated in accordance with the terms of the Bondsissue.

Signatures of persons representing the Company: