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

Apr 19, 2021

UNOFFICIAL TRANSLATION:

Current report No. 9/2021

Date of preparation: 2021-04-19

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

Subject: Allocation of series M bonds

Legal basis: Article 17 para. 1 MAR - confidential information

The Management Board of i2 Development S.A. with its registered officein Wroclaw (the "Issuer") informs that on April 16, 2021 it adopted aresolution on the allocation of 9 608 (nine thousand six hundred eight)secured bonds series marked with the letter "M", not in the form of adocument, with the nominal value of PLN 1,000.00 (one thousand) eachbond and the total nominal value of PLN 9,608,000.00 (nine milion sixhundred eight thousand PLN 00/100), with interest at a fixed interestrate, not deviating from market conditions, with a maximum maturity dateof on March 16, 2024 ("Bonds").

The Bonds will be secured by: a mortgage, will be established on a landone, located in Wrocław at ul. Powstańców Śląskich 106, 108, 110 and ul.Great 27 amount up to 150% of the value of the Bonds (examination of themortgage established at the issue of series "L" bonds), as well as adeclaration of submission to enforcement under the mortgage, submissionby the Issuer of a promissory note in blank and submission toenforcement by the Issuer in a copy of Art. 777 item 5) of the Code ofCivil Procedure.

The Bonds were issued in the form of an offer specified in Art. 33 point1 of the Act of 15 January 2015 on bonds (the "Act"), as well as in theform of an offer conducted pursuant to Art. 1 clause 4 lit. b) ofRegulation 2017/1129 by sending the Information Memorandum to no morethan 149 designated addressees who are natural or legal persons otherthan qualified investors within the meaning of Art. 2 lit. e) ofRegulation 2017/1129, i.e. in a manner that constitutes a publicoffering of securities within the meaning of art. 2 lit. d) Regulation2017/1129, for which there is no obligation to publish a prospectus.

The funds obtained by the Company from the issue of the Bonds will beused for the implementation of the investment consisting in theconstruction of an office and service building with an underground carpark, located in Wroclaw at Powstańców Śląskich 106, 108, 110 and Wielka27 street.

Signatures of persons representing the Company:

2021-04-19 Marcin Misztal President of the Management Board