Implementation of the development project as part of the special-purpose vehicle on a purchased built-up plot (with demolition of the existing building), aimed at the sale of the whole created usable floor area,

own financing mainly by means of loans for the special-purpose vehicle, project initiated as part of BB Investment and transferred to BBI Development NFI on the basis of a debt sale agreement and assignment of rights and obligations under a loan agreement,

excellent, unique location,

size of the plot: 3,318 square meters,

offer of luxury apartments positioned in the most expensive market segment,

usable floor area available for sale (plan): approximately 8,000 square meters (including apartments’ usable floor area of approximately 5,000 square meters),

investors’ loan for the special-purpose vehicle: PLN 9,000,000 (including PLN 3,481,000 from BBID),

total expenditure of the special-purpose vehicle related to the implementation of the development project (excluding the costs of purchasing the plot and the financial cost; plan): approximately PLN 60,300,000,

completion of the project (plan): September 2009 (with partial realisation of profit in the 2nd quarter of 2008)