Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”) hereby reports that on 8 June 2017, JSW carried out an early redemption of bonds issued under the bond issue program established by the issue program agreement of 30 July 2014 (“Issue Program”). The total value of the bonds redeemed on that date by JSW is USD 26,660,000 and PLN 150,390,000.

As a result of the redemption mentioned in the paragraph above, the total nominal value of outstanding bonds issued by JSW under the Issue Program is currently PLN 701,050,000 and USD 125,020,000.

In connection with the additional early redemption, the bondholders agreed to change some of the terms and conditions of the Issue Program’s documentation, including a waiver of JSW’s obligation to obtain Additional Financing by conducting a secondary share issue.

Legal basis: Article 17 Section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse and Repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.