Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”) hereby announces a list of shareholders holding at least 5% of the total number of votes at the Extraordinary Shareholder Meeting of JSW S.A. held on 12 January 2017.

Shareholder:   State Treasury

Number of votes: 64,390,911

Percentage of votes at the ESM: 88.76%

Percentage of total votes: 54.84%

Legal Basis: Article 70 Item 3 of the Act of 29 July 2005 on Public Offering and the Terms and Conditions for Introducing Financial Instruments to an Organized Trading System and on Public Companies.