UNOFFICIAL TRANSLATION:
Current report No. 16/2020
Date of preparation: 2020-03-05
Short name of the issuer: i2 Development S.A.
Subject: Issue and allocation of series J bearer bonds and early, partial redemption of series C and F bonds

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

Management Board of i2 Development S.A. ("Company", "Issuer") informs that on March 4, 2020 adopted a resolution on the allocation of 20,000 (twenty thousand) pieces of secured bearer bonds series marked with the letter "J", not having the form of a document, with a nominal value of 1,000.00 (one thousand) PLN each bond and the total nominal value of PLN 20,000,000.00 (twenty million), bearing an interest rate equal to WIBOR 3M (Warsaw Interbank Offered Rate) for 3-month deposits increased by a margin not differing from market conditions by maximum date of redemption: August 31, 2021 ("Bonds").

The Bonds will be secured by the highest priority mortgage on real estate:

– located in Wrocław at Stalowa Street, the Grabiszyn District, covering a plot of land with registration number 4/2, the acquisition of which the Company announced in Current Report No. 15/2020 of February 28, 2020;

– located in Wrocław at Grabiszyńska Street, Grabiszyn District, covering a plot with registration number 13/18, the acquisition of which the Company announced in current report No. 60/2019 of December 20, 2019;

– located in Wrocław at Powstańców Śląskich Street, covering a plot of land with registration number 30;

– located in Wrocław at Żegiestowska Street, Gaj District, covering plots with registration numbers 23/8, 23/16, 23/17 and 23/18, for which the Issuer has concluded a preliminary agreement, about which he reported in current report No. 53/2018 of September 27, 2018. The final sale agreement of the Real Estate will be concluded no later than March 31, 2020. The issuer is required to provide a declaration of mortgage establishment by June 30, 2020.

In addition, each of the mortgage debtors will submit declarations in the form of a notarial deed of submission to enforcement in favor of the mortgage administrator.

The Bond issue offer was directed pursuant to art. 33 item 1 of the Act of 15 January 2015 on bonds (the "Act").

The funds obtained by the Company from the issue of Bonds will be used to refinance the Issuer’s C and F series bonds and refinance the costs of purchasing real estate.

At the same time, the Issuer’s Management Board informs that on March 5, 2020 the Issuer made a partial, early redemption of 8,388 series C bonds with a nominal value of PLN 1,000.00 (one thousand zlotys) each and a total nominal value of PLN 8,378,000 (eight million three hundred seventy eight thousand zlotys). Partial, early redemption was carried out in accordance with the principles described in the Terms of Issue of Bonds as an attachment to the Issuer’s Management Board Resolution of December 17, 2019.

The Issuer made a partial, early redemption of C series bonds by paying to the Bondholder for each purchased C series bond together with due and unpaid interest calculated in accordance with the Terms of Issue.

At the same time, the Issuer’s Management Board informs that on March 4, 2020 it adopted a resolution regarding the redemption of 64,242 series F bonds with a nominal value of PLN 100.00 (one hundred zlotys) each and a total nominal value of PLN 6,424,200 (six million four hundred twenty four thousand two hundred zlotys ), issued by the Company on the basis of the resolution of the Issuer’s Management Board of February 2, 2018 on issue of bonds, resolution of the Issuer’s Management Board of March 2, 2018 regarding the amendment of the resolution of the Issuer’s Management Board of February 2, 2018, resolution of the Issuer’s Management Board of June 4 2018 regarding the approval of the Final Terms and the resolution of the Issuer’s Management Board of June 7, 2018 regarding the Supplement to the Final Terms of Series F Bonds, marked by the National Depository for Securities. [hereinafter: KDPW] with the code 'PLI2DVL00071′. The Management Board will ask KDPW to redeem F series bonds in accordance with applicable regulations and procedures adopted by KDPW.

Signatures of persons representing the Company:
2020-03-05   Marcin Misztal   President of the Management Board