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

Feb 21, 2020

UNOFFICIAL TRANSLATION:

Current report No. 14/2020

Date of preparation: 2020-02-21

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

Subject: Partial, early redemption of series Cbonds

Legal basis: Article 17 para. 1 MAR - confidentialinformation

The Management Board of i2 Development S.A. with itsregistered office in Wrocław (the "Issuer") informs that on 21 February,2020 the Issuer made an partial early redemption of 2,922 series C bondswith a nominal value of PLN 1,000.00 (one thousand zlotys) each and atotal nominal value of PLN 2,922,000 (two million nine hundred twentytwo thousand zlotys). The partial early redemption was carried out inaccordance with the principles described in the Terms and Conditions ofBonds Issue, attached to the Issuer's Management Board Resolution ofDecember 17, 2019.

The Issuer made an partial early redemption of theBonds by paying to the Bondholder Main Receivable for each purchasedBond together with due and unpaid interest calculated in accordance withthe Terms of Issue.

Signatures of persons representing the Company: