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

Mar 17, 2021

UNOFFICIAL TRANSLATION:

Current report No. 8/2021

Date of preparation: 2021-03-17

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

Subject: Allocation of series L 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 March 16, 2021 it adopted aresolution on the allocation of 17 939 (seventeen thousand nine hundredand thirty-nine) secured bonds series marked with the letter "L", not inthe form of a document, with the nominal value of PLN 1,000.00 (onethousand) each bond and the total nominal value of PLN 17,939,000.00(seventeen million nine hundred and thirty-nine thousand PLN 00/100),with interest at a fixed interest rate, not deviating from marketconditions, with a maximum maturity date of on March 16, 2024 ("Bonds").

The Bonds will be secured by: a mortgage to be established on a landproperty located in Wroclaw at Powstancow Slaskich 106, 108, 110 andWielka 27 street, second place in the mortgage, with a claim to transferthe mortgage to the vacant mortgage seat, resulting from the deletion ofthe preceding mortgage and the disclosure of a relevant entry in theElectronic Land and Mortgage Register, established up to 150% of thevalue of the Bonds allocated, as well as a declaration of submission toexecution against the mortgage, submission by Of the Issuer's blankpromissory note and submission to enforcement by the Issuer pursuant toArt. 777 item 5) of the Code of Civil 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:

2021-03-17 Marcin Misztal President of the Management Board