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

The Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”) hereby announces that on 25 October 2011 it obtained information from Mr. Waldemar Pawlak, Vice-President of the Council of Ministers, who, acting on behalf of the State Treasury, notified the Company that in connection with the process, commenced on 10 October 2011, of gratuitous acquisition of the Company’s shares from the State Treasury by the Company’s eligible employees pursuant to the Act of 30 August 1996 on Commercialization and Privatization, the State Treasury’s stake has decreased to 65.74% of all shares in the Company’s share capital and the total number of votes at the Company’s Shareholder Meeting.

As at 4 October 2011, the State Treasury held a total of 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 the total number of such votes.

As at 20 October 2011, the State Treasury holds 78,368,022 shares constituting 65.74% of all shares in the Company’s share capital entitling the holder to exercise 78,368,022 votes at the Company’s Shareholder Meeting, i.e. 65.74% of the total number 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