Legal Basis:  Article 70 Item of the Act on Offerings – acquisition or disposal of a significant stake of shares

Body of the Report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”) hereby announces that on 3 October 2011 it received information from the Ministry of Economy on a decrease in the State Treasury’s share in the total number of votes and the share capital of the Company.

Contents of the notification:

“In connection with obtaining information that on 19 September 2011 the District Court in Gliwice, 10th Commercial Division of the National Court Register, registered an increase in the share capital of Jastrzębska Spółka Węglowa S.A. (“Company”) effected by way of the issue of the Company’s series C shares and, consequently, the completion of the last transaction associated with the Company’s IPO as described in the issue prospectus approved by the Financial Supervision Commission on 7 June 2011, pursuant to Article 69 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, acting on behalf of the State Treasury of the Republic of Poland (“State Treasury”), I hereby inform you of a decrease in the State Treasury’s stake to 66.86% of all shares in the Company’s share capital and the total number of votes at the Company’s Shareholder Meeting.

Before the issue of the Company’s series C shares, the State Treasury held 79,707,132 shares constituting 69.16% of all shares in the Company’s share capital entitling the holder to exercise 79,707,132 votes at the Company’s Shareholder Meeting, i.e. 69.16% of such votes.

After the issue of the Company’s series C shares, the State Treasury holds 79,707,132 shares constituting 66.86% of all shares in the Company’s share capital entitling the holder to exercise 79,707,132 votes at the Company’s Shareholder Meeting, i.e. 66.86% of such votes.”

Legal Basis:

Article 70 Item 1 of the Act on Public Offering and the Terms and Conditions for Introducing Financial Instruments to an Organized Trading System and on Public Companies (Journal of Laws of 2005 No. 184 Item 1539, as amended).