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Current Report no. 22/2011

JSW shares

End of stabilization activities and information regarding the stabilization transactions executed on the shares of Jastrzębska Spółka Węglowa S.A.

The Management Board of Jastrzębska Spółka Węglowa S.A. („Company”) reports that on 27 July 2011 it obtained information from Dom Maklerski Banku Handlowego S.A. with its registered offices in Warsaw („DMBH”) (Brokerage House of Bank Handlowy S.A.) that the stabilization activities (transactions to buy the Company’s shares) taken by DMBH and PKO Bank Polski S.A., Oddział – Dom Maklerski PKO Banku Polskiego S.A. w Warszawie with its registered offices in Warsaw („PKO”) (Brokerage House of PKO Bank Polski S.A.), according to the rules prescribed by the Company’s prospectus approved by the Financial Oversight Commission (KNF) on 7 June 2011, were concluded.

Stabilization activities were taken for the first time on 6 July 2011, and the final day of stabilization activities was 27 July 2011.

Moreover, pursuant to the notification received, the Company reports that within frame of these stabilization activities DMBH and PKO executed the following buy transactions regarding the Company’s shares:

6 July 2011: minimum price: PLN 135.90 maximum price: PLN 136.00,
7 July 2011: minimum price: PLN 136.00 maximum price: PLN 136.00,
25 July 2011: minimum price: PLN 136.00 maximum price: PLN 136.00,
26 July 2011: minimum price: PLN 136.00 maximum price: PLN 136.00,
27 July 2011: minimum price: PLN 135.30 maximum price: PLN 136.00.

Legal basis:
Art. 9 section 3 of Commission Regulation (EC) no. 2273/2003 of 22 December 2003 implementing Directive 2003/6/EC of the European Parliament and of the Council as regards exemptions for buy-back programs and stabilization of financial instruments.

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