Body of the Report:
With reference to Current Report No. 63/2015 The Management Board of JSW S.A. ("Company") announces that on 25 November 2015 the following documents were signed on securing bonds issued by the Company under the bond issue program established on 30 July 2014 ("Bond Issue Program"):
(a) the agreement of registered pledge on all shares held by the Company in the Spółka Energeryczna Jastrzębie S.A. between the Company as pledger and Powszechna Kasa Oszczędności Bank Polski S.A. ("PKO BP") as the administrator of a pledge;
(b) the agreement of registered pledge on all shares held by the Company in Polski Koks S.A. ("Polski Koks") between the Company as pledger and PKO BP as the administrator of the pledge;
(c) an agreement of registered pledge on all shares held by the Company at JSW KOKS S.A. between the Company as pledger and PKO BP as the administrator of the pledge;
(d) the agreement of registered pledge on all shares held by the Company in Wałbrzyskie Zakłady Koksownicze "Victoria" S.A. between the Company as pledger and PKO BP as the administrator of the pledge;
(e) the agreement of registered pledge on movable assets of "Zofiówka" Site in the Coal Mine "Borynia- Zofiówka-Jastrzębie” between the Company as pledger and PKO BP as the administrator of the pledge;
(f) the contract to set up a mortgage administrator between the Company as issuer and PKO BP as a mortgage administrator; and
(g) a statement on the establishment of mortgages in favor of PKO BP as a mortgage administrator on the Company's properties that make up the organized part of the Company in the form of the "Zofiówka" Site in the Coal Mine "Borynia- Zofiówka-Jastrzębie" in Jastrzębie-Zdrój, the Company's properties that make up the headquarters of the Company and the Company's properties that make up the hotel building "Różany Gaj" in Gdynia.
Moreover, on 25 November 2015 Polski Koks, which is a subsidiary of JSW, established for the benefit of PKO BP mortgage on the property constituting the seat of Polski Koks to secure bonds issued by the Company within the Bond Issue Program.
These security documents were signed as the implementation by the Company of the provisions of the agreement on security concluded between the Company, PKO BP, ING Bank Śląski S.A., Bank Gospodarstwa Krajowego and PZU Closed Investment Fund of Non-Public Assets BIS 1 on 15 October 2015 (as Amended, "Agreement on Security Measures").
Agreement on Security was concluded in connection with the agreement on further cooperation of 24 September 2015 (as amended), the Company informed of the conclusion in the current report No. 52/2015.