Body of the Report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”, “JSW”) hereby announces that on 13 March 2014 it adopted a resolution on the distribution of net profit of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2013.

In accordance with the resolution, the JSW S.A. Management Board proposes to allocate the Company’s entire net profit of PLN 8,123,242.97 to additional reserve capital for the purposes of financing JSW’s investment program.

Pursuant to Article 382 § 3 of the Commercial Companies Code and § 20 Section 2 Item 8 of the Company’s Articles of Association, the Management Board will submit the above proposal to the Company’s Supervisory Board for evaluation.

The final decision on the distribution of profit for the financial year 2013 will be made by the Company’s Ordinary Shareholder Meeting.

Legal Basis:

§ 38 Section 1 Item 11 of the Regulation issued by the Finance Minister on 19 February 2009 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for Recognizing the Information Required by the Regulations of a Non-Member State as Equivalent.