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

Apr 21, 2023

UNOFFICIAL TRANSLATION

Current report no. 1/2023

Date: 2023-04-21

Short name of the issuer: i2Development S.A.

Subject: Early redemption of seriesK bonds

Legal basis: art. 17 sec. 1 MARconfidential information

Management Board of i2 DevelopmentS.A. with its registered office in Wrocław (the _quot;Issuer_quot; or the_quot;Company_quot;) informs that on April 21, 2023 the Issuer adopted aresolution on the full early redemption of series K bonds, i.e. theredemption of 10,000 series K bonds of the Issuer with a nominal valueof PLN 1,000 each and the total nominal value of PLN 10,000,000.00, ISINcode: PLO222400031 (_quot;Bonds_quot;) The early redemption will be carried out inaccordance with the rules described in the Bond Issue Terms, which arean attachment to the Resolution of the Issuer's Management Board of July24, 2020 on the issue of Bonds, which was announced by the Issuer incurrent report No. 49/2020 of July 24, 2020. The redemption date will beon the next interest day, i.e. May 11, 2023. The Issuer will make a fullearly redemption of the Bonds by paying to the Bondholder for each Bondpurchased the Principal Amount together with due and unpaid interestcalculated in accordance with the Terms of Issue

Signatures of persons representingthe Company:

2023-04-21 Marcin Misztal Presidentof the Management Board