Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. („JSW”, „Company”) reports that on 15 January 2019 the Company’s attorney-in-fact received the decision of 14 January 2019 made by the President of the Office of Competition and Consumer Protection (“UOKiK”) in which, after having conducted an antitrust proceeding commenced in response to JSW’s application, the President of UOKiK gave concentration consent for Jastrzębska Spółka Węglowa S.A. with its registered offices in Jastrzębie-Zdrój to acquire control over Przedsiębiorstwo Budowy Szybów S.A. with its registered offices in Tarnowskie Góry (“PBSz”).

This decision is the consequence of the Company entering into a conditional agreement on 21 December 2018 as the Buyer with PBSZ 1 Sp. z o.o. with its registered office in Katowice and PRIMETECH S.A. with its registered office in Katowice as the Sellers obligating them to sell 4,430,476 shares in PBSz representing 95.01% of the share capital of PBSz, as the Company reported in Current Report No. 40/2018. 

The Company obtaining the UOKiK’s concentration consent is one of the major conditions on which the execution of the final agreement to close the deal hinges.

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.