Body of the Report:

The Jastrzębska Spółka Węglowa S.A. Management Board (“Company”, “JSW”, “Issuer”) reports that in connection with Jastrzębska Spółka Węglowa S.A.’s (“Issuer”, “Company”) execution of the Bond Issue Program agreement („Program”) on 30 July 2014 with the Financial Institutions: Bank PKO BP S.A., BGK S.A., ING BŚK S.A. and PZU FIZAN BIS 1 (jointly „Bondholders”) for the amount of PLN 700 million and USD 163.75 million („Program”), which the Issuer announced in current reports no. 21/2014 and 26/2014, the 2014 annual report and the quarterly reports for Q3 2014 and Q1 2015, the Issuer was obligated to issue bonds on the international capital markets by 30 July 2015. According to the provisions of the Program, the Bondholders are authorized to call for early redemption of the bonds issued under the Program from funds originating from the issue of bonds on the international capital markets or from other sources.

According to the information reported in the periodic reports the Company is involved in an ongoing process of agreements with the Bondholders.

On account of the unfavorable market situation the Issuer did not issue bonds on the international capital markets by the designated deadline. Accordingly, every Bondholder has the right to call for early redemption of the bonds it holds.

The Issuer addressed the Bondholders with a request for each Bondholder to refrain from exercising the right vested in each Bondholder to call for the early redemption of the bonds it holds until 31 October 2015.

Legal basis: article 56 section 1 item 1 of the Act on Offerings – confidential information