Body of the Report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”, “JSW”) hereby announces that on 9 April 2014 the Company’s Supervisory Board adopted a resolution on its assessment, for the JSW S.A. Shareholder Meeting, of the JSW S.A. Management Board’s motion on the distribution of JSW’s net profit for the financial year ended 31 December 2013, as announced by the Company in Current Report No. 7/2014. In accordance with the aforementioned resolution, the Company’s Supervisory Board issued a positive opinion on the manner of distributing the Company’s net profit for the financial year ended 31 December 2013, proposed by the JSW Management Board, involving allocation of the entire net profit earned by JSW in 2013 in the amount of PLN 8,123,242.97 to reserve capital earmarked for financing JSW’s investment program. 

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 Finance Minister’s Regulation of 19 February 2009 on current and periodic information transmitted by securities issuers and the conditions for recognizing information required by legal regulations of a non-member state as equivalent.