BBI Development S.A. — Capital/Financing Update 2021

Jul 1, 2021

UNOFFICIAL TRANSLATION: Current report No. 18/2021

Date of preparation: 2021-07-01

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

Subject: Early redemption of series H bonds

Legal basis: Article 17 paragraph 1 MAR -confidential information

The Management Board of i2 Development S.A. with itsregistered office in Wrocław ("Issuer") informs that on June 30, 2021,the Issuer made a complete, early redemption of the remaining 26,000series H bonds with a nominal value of PLN 1,000.00 (one thousandzlotys) each and a total nominal value of PLN 26,000,000.00 (twenty-sixmillion zlotys). The early redemption was carried out in accordance withthe principles described in the Terms and Conditions of the Bonds Issue,constituting an appendix to the Resolution of the Issuer's ManagementBoard of September 26, 2018.

The Issuer made an early redemption of the Bonds bypaying to the Bondholder for each purchased Main Receivable Bondtogether with the interest due for the last interest period. Interestper 1 bond was PLN 0,82.

Thus, the Series H Bonds were redeemed in full by theIssuer, which results in the expiry of all rights and obligationsarising from them.

Signatures of persons representing the Company:

2021-06-30  Marcin Misztal  President of the Management Board