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

Jan 28, 2021

UNOFFICIAL TRANSLATION:

Current report No. 04/2021

Date of preparation: 2021-01-28

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

Subject: Early redemption of series J bonds

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

Management Board of i2 Development S.A. with its registered office inWrocław (hereinafter: the Issuer, the Company) informs that on January28, 2021, the Issuer adopted a resolution on the early redemption ofseries J bonds ("Bonds"). The early redemption will be carried out inaccordance with the rules described in the Terms of Issue of Bonds,constituting an appendix to the Issuer's Management Board Resolution ofFebruary 18, 2020 on the issue of Bonds, about which the Issuer informedin the current report No. 16/2020 of March 5, 2020.

The company specifies the minimum level of early redemption of PLN2,000,000 PLN. The exact amount of the bonds to be redeemed will bespecified by the Company in the next current report, but no later thanby February 12, 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:

2021-01-28 Marcin Misztal President of the Management Board