BBI Development S.A. — Capital/Financing Update 2023

May 11, 2023

UNOFFICIAL TRANSLATION

Current report no. 2/2023

Date: 2023-04-21

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

Subject: Early full redemption of series K bonds at the Issuer'srequest

Legal basis: art. 17 sec. 1 MAR confidential information

Management Board of i2 Development S.A. with its registered officein Wrocław (_quot;Issuer_quot; or _quot;Company_quot;), with reference to current report No.1/2023 of April 21, 2023, informs that on May 11, 2023, the Issuer madea full early redemption of series K bonds, i.e. redemption of 10,000series K bonds of the Issuer with a nominal value of PLN 1,000 each anda total nominal value of PLN 10,000,000.00, ISIN code: PLO222400031(_quot;Bonds_quot;).

The early redemption of the Bonds took place on the date ofpayment of interest for the 11th interest period by paying for each Bondthe amount of the nominal value of one Bond, i.e. PLN 1,000.00 plus theinterest due accrued until the date of early redemption.

The early redemption was carried out in accordance with the rulesdescribed in the Bond Issue Terms, which are an attachment to theResolution of the Issuer's Management Board of July 24, 2020 on theissue of Bonds, which the Issuer informed about in the current reportNo. 49/2020 of July 24, 2020.

Signatures of persons representing the Company:

2023-05-11 Marcin Misztal President of the Management Board