Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, “Company”) reports that on 29 January 2018, JSW entered into an annex (“Annex”) to the agreement for coke supplies of 14 April 2016 with Balta GmbH with its registered office in Pöcking, Germany (“Agreement”), which the Company reported in Current Report No. 13/2016. The coke supplies are slated for the Indian market.

According to the executed Annex, the term of validity of the Agreement was extended to 31 December 2030.

The estimate value of the Agreement updated. From the beginning of its performance, throughout the term of the Agreement, it may amount to PLN 9.0 billion.

The Annex has been recognized as material for JSW due to the significant increase of the projected value of the Agreement and extension of cooperation with one of JSW’s key coke buyers.

Legal basis: Article 17 Section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse and Repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.