The Supervisory Board of Jastrzębska Spółka Węglowa S.A. with its registered office in Jastrzębie-Zdrój at Aleja Jana Pawła II 4,

pursuant to the Regulation issued by the Council of Ministers on 18 March 2008 on the Conduct of the Recruitment Procedure for the Position of Management Board Member in Certain Commercial Companies (Journal of Laws of 2003 No. 55 Item 476, as amended),

ohereby announces the commencement of the recruitment procedure for the position of Member of the JSW S.A. Management Board responsible for finance and acting as the Vice President for Economic Affairs of Jastrzębska Spółka Węglowa S.A. for the seventh term of office.

1. Written applications of candidates for the position should be submitted in a sealed envelope by 2:00 p.m. on 23 February 2012 to the Company’s Main Office (Kancelaria Główna) (open on weekdays from 7:00 a.m. to 2:00 p.m.) or sent by mail to the following address: Jastrzębska Spółka Węglowa S.A., Aleja Jana Pawła II 4, 44-330 Jastrzębie-Zdrój.
   If sent by mail, the application should be delivered to the addressee by the deadline specified in the preceding sentence.The applications should be submitted in an envelope marked with the candidate’s full name and the following description: “Zgłoszenie na stanowisko Członka Zarządu JSW S.A. odpowiedzialnego za finanse i pełniącego funkcję Zastępcy Prezesa Zarządu ds. Ekonomicznych JSW S.A. VII kadencji” (Application for the position of Member of the JSW S.A. Management Board responsible for finance and acting as the Vice President for Economic Affairs of JSW S.A. for the seventh term of office).
2. Requirements:
   Candidates for the Vice President for Economic Affairs should meet the following requirements:
   1. Formal:
      • Master’s degree in economics or finance (at least a master’s degree or an equivalent title recognized in the Republic of Poland under separate regulations),
      • At least 5 years of professional experience, including at least 3 years of professional experience as a member of the management board of a corporation or a financial institution or in senior management positions in corporations, preferably in companies listed on a stock exchange.
   2. General:
      • Personal characteristics such as: resistance to stress, creativity, ability to work in a team environment, independence, innovativeness, etc.,
      • Enjoyment of full legal capacity and full public rights,
      • Not being subject to any legally prescribed restrictions or bans from holding the position of management board member in commercial companies,
      • No criminal record for the commission of intentional offenses and no pending criminal proceedings against the candidate,
      • Knowledge specified in § 9 Section 4 the Regulation issued by the Council of Ministers on the Conduct of the Recruitment Procedure for the Position of Management Board Member in Certain Commercial Companies, including that specified for the position in question in the fields of:
        • accounting;
        • evaluation of investment projects;
        • corporate finance;
        • corporate audit and financial control;
        • preparation of financial statements of a listed company in accordance with IASs;
        • financial risk management.
      • Knowledge of English at a level enabling unconstrained communication.

   Desired skills:

   • Skills in conducting social dialogue and resolving social conflicts,
   • Skills and experience in entering into commercial agreements and contracts.
3. The application must contain the following:
   • Cover letter with the name of the position applied for by the candidate,
   • Curriculum vitae of the candidate containing a description of his/her experience and professional achievements, including:
   • full name of the candidate,
   • date of birth,
   • place of residence,
   • mailing address, telephone number and e-mail address.
   • Originals, official copies or photocopies of documents confirming the candidate’s education, qualifications and general work experience as well as work experience in management positions. Official copies or photocopies of submitted documents may be certified by the candidate. In such case, the candidate will be obligated to present to the Supervisory Board, during the interview, the originals or official copies of the documents he/she has certified or else the candidate will be excluded from the remainder of the recruitment procedure.
     Any documents submitted in the recruitment procedure other than originals will not be returned to the candidate.
     During the recruitment procedure, the candidate may present additional documents to the Supervisory Board.
   • Representations on:
     • graduation from an institution of higher education with the degree referred to in item 2a,
     • required general work experience and work experience in management positions,
     • enjoyment of full public rights,
     • holding of full legal capacity,
     • not being subject to any legally prescribed restrictions or bans from holding the position of management board member in commercial companies,
     • absence of criminal record for the commission of intentional offenses and absence of pending criminal proceedings against the candidate,
     • consent to the processing of personal data contained in the application to the extent necessary for the recruitment procedure.
   • o for persons born before 1 August 1972 – written information (in the form prescribed by the Act) on the candidate’s submission, to the minister in charge of the State Treasury, of a vetting declaration, pursuant to Article 7 Sections 1 and 2 in connection with Article 4 Item 39 of the Act of 18 October 2006 on the Disclosure of Information on Documents of State Security Services Created in 1944-1990 and the Contents of Such Documents (consolidated version: Journal of Laws of 2007 No. 63 Item 425, as amended) and Article 5 of the Act of 7 September 2007 Amending the Act on the Disclosure of Information on Documents of State Security Services Created in 1944-1990 and the Contents of Such Documents (Journal of Laws of 2007 No. 165 Item 1171).
4. The opening of the applications will take place on 24 February 2012. The decision on a list of candidates meeting the requirements and accepted for interviews will be made at the Supervisory Board meeting to be held on 27 February 2012.
5. Applications failing to meet the requirements specified in the notice of the recruitment procedure or submitted after the deadline for their submission will not be examined.
6. Basic information about the Company is available to candidates on the website of JSW S.A. (www.jsw.pl) and in the Public Information Bulletin (Biuletyn Informacji Publicznej, BIP).
7. Interviews with candidates meeting the requirements specified in the notice will begin in the offices of Jastrzębska Spółka Węglowa S.A. in Jastrzębie-Zdrój at Aleja Jana Pawła II 4 (room 501) on 1 March 2012 at 10:30 a.m. and possibly on the following days, depending on the number of applications.
   Information on the date and time of the interview will be provided to each candidate by the Secretary of the Supervisory Board by telephone or via e-mail to the e-mail address indicated by the candidate.
8. During the interview, the Supervisory Board will evaluate the candidate’s competences within the scope specified in item 2 (above).
9. The Supervisory Board may, at any time and without stating the reasons, terminate the recruitment procedure without selecting any candidate.
10. The candidates will be notified of the outcome of the recruitment procedure in writing via mail or electronic mail to the e-mail address indicated by the candidate.
11. The candidate selected by the Supervisory Board will assume the position of member of the JSW S.A. Management Board under a management contract, which is associated with the requirement of the conduct of business activity by the candidate.