Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”) reports that the decision was made today to reverse the long-term provision for contributions to the Company Social Benefits Fund for retirees and disability pensioners in the amount of PLN 207.9 million.

The foregoing results from the fact that the JSW Management Board and Representative Trade Unions active in JSW entered into a memorandum of understanding regarding the establishment of a JSW social fund that does not call for a contribution for retirees and disability pensioners. The reversal of this provision will exert a positive impact on the financial result and will be reflected in the JSW Group’s financial result in Q3 2015.