BBI Development S.A. — Major Shareholding Notification 2022

Mar 1, 2022

NOFFICIAL TRANSLATION

Current report no. 6/2022

Date: 2022-03-01

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

Completion of the tender offer to subscribe for the sale of shares in i2Development S.A.

Legal basis: Art. 17 sec. 1 of MAR - confidential information

Management Board of i2 Development S.A. (_quot;The Management Board_quot;) informsthat on February 21, 2022, the subscription for the Company's shares wascompleted, as part of the call to subscribe for the sale of theCompany's shares (_quot;Tender Offer_quot;), announced pursuant to Art. 74 sec. 2of the Act of July 29, 2005 on public offering and the conditions forintroducing financial instruments to an organized trading system and onpublic companies (Journal of Laws of 2005, No. 184, item 1539, asamended) (_quot;Act on Public Offering_quot;) of 30 December 2021 by MarcinMisztal, Andrzej Kowalski, Acico Investments Limited based in Larnacaand Galtoco Investments Limited based in Nicosia, acting in agreementreferred to in Art. 87 sec. 1 point 5 of the Act on Public Offering(_quot;Parties to the Agreement_quot;), the conclusion of which was announced bythe Company in the current report No. 29/2021 of December 30, 2021.

On February 24, 2022, as part of the response to the Tender Offer,purchase transactions were concluded for the Company's ordinary bearershares for a total of 109,819 shares of the Company, marked with theISIN code: PLI2DVL00014 (_quot;Shares_quot;), which were settled on March 1, 2022( _quot;Settlement of the Tender Offer_quot;).

In connection with the above, the Company informs that as a result ofthe Settlement of the Tender Offer:

1. ACICO INVESTMENTS LIMITED based in Larnaca acquired directly 64,938shares of the Company, constituting 0.67% of the share capital of theCompany and entitling to 64,938 votes at the general meeting of theCompany, constituting 0.67% of the total number of votes;

2. GALTOCO INVESTMENTS LIMITED based in Nicosia purchased directly44,881 shares of the Company, constituting 0.46% of the share capital ofthe Company and carrying 44,881 votes at the general meeting of theCompany, constituting 0.46% of the total number of votes;

Mr. Marcin Misztal and Andrzej Kowalski did not acquire the Company'sshares directly.

Mr. Marcin Misztal acquired the Company's shares indirectly throughACICO INVESTMENTS LIMITED with its registered office in Larnaca, in theamount specified in point 1 above.

Mr. Andrzej Kowalski acquired the Company's shares indirectly throughGALTOCO INVESTMENTS LIMITED with its registered office in Nicosia, inthe amount specified in point 2 above.

Before the settlement of the Tender Offer, the Parties to the Agreementheld a total of 9,329,297 shares of the Company constituting 96.18% ofthe share capital of the Company and entitling to 9,329,297 votes at thegeneral meeting of the Company and representing 96.18% of the totalnumber of votes in the Company. Including:

1. Mr. Marcin Misztal owned in total - 4,654,620 shares of the Company,constituting 47.99% of the share capital of the Company and entitling to4,654,620 votes at the general meeting of the company, representing47.99% of the total number of votes in the Company, indirectly - througha subsidiary ACICO INVESTMENTS LIMITED based in Larnaca;

2. Mr. Andrzej Kowalski held the total of 4,674,677 shares, constituting48.19% of the share capital of the Company and entitling to 4,674,677votes at the general meeting of the Company, constituting 48.19% of thetotal number of votes of the Company. Of which:

a) 2,851 shares, representing 0.03% of the share capital of the Companyand entitling to 2,851 votes at the general meeting of the Company,representing 0.03% of the total number of votes - directly;

b) 4,671,826 shares constituting 48.16% of the share capital andentitling to 4,671,826 votes at the general meeting of the company,constituting 48.16% of the total number of votes in the Company -indirectly, through the subsidiary GALTOCO INVESTMENTS LIMITED with itsregistered office in Nicosia.

3. ACICO INVESTMENTS LIMITED based in Larnaca held a total of -4,654,620 shares of the Company, constituting 47.99% of the sharecapital of the Company and entitling to 4,654,620 votes at the generalmeeting of the company, representing 47.99% of the total number of votesof the Company, directly ;

4. GALTOCO INVESTMENTS LIMITED based in Nicosia held a total of4,674,677 shares, constituting 48.19% of the share capital of theCompany and entitling to 4,674,677 votes at the general meeting of theCompany, constituting 48.19% of the total number of votes of theCompany. Of which:

a) 4,671,826 shares constituting 48.16% of the share capital andentitling to 4,671,826 votes at the general meeting of the company,constituting 48.16% of the total number of votes of the Company -directly;

b) 2,851 shares constituting 0.03% of the share capital of the Companyand entitling to 2,851 votes at the general meeting of the Company,constituting 0.03% of the total number of votes The notifying party isheld - indirectly through the parent entity - by Andrzej Kowalski.

After the settlement of the Tender Offer, the parties to the agreementhold a total of 9,439,116 shares of the Company, representing 97.31% ofthe share capital of the Company and entitling to 9,439,116 votes at thegeneral meeting of the company and representing 97.31% of the totalnumber of votes in the Company. Including:

1. Marcin Misztal holds in total - 4,719,558 shares of the Company,constituting 48.66% of the share capital of the Company and entitling to4,719,558 votes at the general meeting of the company, constituting48.66% of the total number of votes in the Company, indirectly - throughthe subsidiary ACICO INVESTMENTS LIMITED based in Larnaca;

2. Andrzej Kowalski holds a total of 4,719,558 shares, constituting48.66% of the share capital of the Company and entitling to 4,719,558votes at the general meeting of the Company, constituting 48.66% of thetotal number of votes of the Company. Of which:

a) 2,851 shares, representing 0.03% of the share capital of the Companyand entitling to 2,851 votes at the general meeting of the Company,representing 0.03% of the total number of votes - directly;

b) 4,716,707 shares, constituting 48.63% of the share capital andentitling to 4,716,707 votes at the company's general meeting,constituting 48.63% of the total number of votes in the Company -indirectly, through the subsidiary GALTOCO INVESTMENTS LIMITED based inNicosia.

3. ACICO INVESTMENTS LIMITED based in Larnaca held a total of -4,719,558 shares of the Company, constituting 48.66% of the sharecapital of the Company and entitling to 4,719,558 votes at the generalmeeting of the company, constituting 48.66% of the total number of votesof the Company, directly ;

4. GALTOCO INVESTMENTS LIMITED based in Nicosia held a total of4,719,558 shares, constituting 48.66% of the share capital of theCompany and entitling to 4,719,558 votes at the general meeting of theCompany, constituting 48.66% of the total number of votes of theCompany. Of which:

a) 4,716,707 shares, constituting 48.63% of the share capital andentitling to 4,716,707 votes at the company's general meeting,constituting 48.63% of the total number of votes in the Company -directly;

b) 2,851 shares constituting 0.03% of the share capital of the Companyand entitling to 2,851 votes at the general meeting of the Company,constituting 0.03% of the total number of votes The notifying party isheld - indirectly through the parent entity - by Andrzej Kowalski.

Signatures of persons representing the Company:

2022-03-01 Marcin Misztal President of the Management Board