Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. („Company”, „JSW”, „Issuer”) reports that on 21 January 2014 a coke sale agreement („Agreement”) was concluded, whose parties are Polski Koks S.A. (a subsidiary of the Issuer acting in the Agreement as the „Seller”) and MIR Trade AG (acting in the Agreement as the „Buyer”), whose estimated net value up to the end of its term of validity is approximately PLN 2.1 billion (say: two billion one hundred million zloty), whereby it exceeds 10% of the Issuer’s equity, which forms the basis for the publication of this report.

The subject of the Agreement is to sell/buy coke.

Material terms and conditions of the Agreement:

Agreement’s net value: PLN 2.1 billion (say: two billion one hundred million zloty)

Agreement’s settlement currency: USD

Financial terms and conditions: pre-payment or documentary letter of credit for 100% of the value of the commodity.

The remaining terms and conditions of the Agreement do not deviate from the terms and conditions that are generally applicable to these types of agreements.

Moreover, JSW reports that this Agreement partially assumes the obligations of Polski Koks S.A. toward the aforementioned business partner to supply coke worth approximately PLN 250 million (say: two hundred fifty million zloty) following from the agreement whose details were provided in current report no. 43/2013 of 29 October 2013.

Legal grounds: § 5 section 1 sub-section 3 of the Finance Minister’s Regulation of 19 February 2009 on the current and periodic information conveyed by securities issuers and the conditions for recognizing the information required by the regulations of a non-member state as being equivalent.