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

Feb 12, 2021

UNOFFICIAL TRANSLATION:

Current report No. 05/2021

Date of preparation: 2021-02-12

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

Subject: Early redemption of series J bonds - update

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

The Management Board of i2 Development S.A. with its registered officein Wroclaw (hereinafter: "the Issuer" or "the Company") announces thaton January 28, 2021, the Issuer adopted a resolution on the earlyredemption of series J bonds ("Bonds"). The early redemption will becarried out in accordance with the rules described in the Bond IssueTerms, constituting an appendix to the Issuer's Management BoardResolution of February 18, 2020 on the issue of Bonds, about which theIssuer informed in the current report No. 16/2020 of March 5, 2020.

The Management Board of the Company announces that on February 12, 2021,adopted a resolution on the final amount of early redemption of bonds,setting the number of bonds to be redeemed at 8.500, with a nominalvalue of 8.500.000 PLN (eight million five hundred thousand PLN). Theredemption date will fall on the next interest day of March 1, 2021.

The Issuer will make an early redemption of the Bonds by paying to theBondholder for each purchased Bond of the Principal Receivable alongwith the due and unpaid interest calculated in accordance with the Termsof Issue.

Signatures of persons representing the Company:

2021-02-12 Marcin Misztal President of the Management Board