Legal Basis: Article 70 Item 1 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 14 November 2011 it received information from Mr. Waldemar Pawlak, Vice-President of the Council of Ministers, who, acting on behalf of the State Treasury, notified the Company of a typographical error in the notification from the Ministry of Economy dated 7 November 2011.

The notification read as follows:

“As at 31 October 2011, the State Treasury holds 77,326,733 shares constituting 64.72% of all shares in the Company’s share capital entitling the holder to exercise 77,326,733 votes at the Company’s Shareholder Meeting, i.e. 64.72% of the total number of such votes”,

whereas it should have read as follows:

“As at 31 October 2011, the State Treasury holds 77,158,023 shares constituting 64.72% of all shares in the Company’s share capital entitling the holder to exercise 77,158,023 votes at the Company’s Shareholder Meeting, i.e. 64.72% 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.