Tranche Update on J.W. Construction Holding S.A.'s Equity Buyback Plan announced on December 6, 2019.

JW Construction Holding SA is a Poland-based holding company engaged in the real estate development sector, including the construction of residential buildings. It operates through three segments: Development; Hotels; and Real Estate.The Company is operational on domestic market, as well as in the Russian Federation and Bulgaria. It specializes in single family housing construction, offering detached and row houses, and multifamily housing construction, providing flats and high-standard apartments. Additionally, through its subsidiaries, the Company is engaged in heavy construction and architectural design services. It is also engaged in operating five hotels, under the brand name Hotel 500 and one leisure center Czarny Potok Resort and Spa, located in Poland.