Management Board Report on the activity of the JSW S.A. for 2012

5.4. Shareholders holding significant blocks of shares

The shares of JSW S.A. are listed on the Warsaw Stock Exchange, where they are listed on the main floor in the continuous quotation system. The shares of JSW S.A. are included in the WIG20 large cap index, the WIG index and the WIG-Surowce sector index. As of 1 August 2012, the shares of JSW S.A. were included in the index of socially responsible companies, i.e. RESPECT and as at the date of this report they remain part of the index.

The table below depicts the shareholders who as at 31 December 2012(1) and as at the date of this report, according to the knowledge of the Company’s Management Board, directly or indirectly hold significant blocks of the Company’s shares.

  Number of shares Number of votes at the Shareholder Meeting % of the share capital Percentage of total votes at Shareholder Meeting
State Treasury of the Republic of Poland(2) 64,775,542 64,775,542 55.16% 55.16%

(1) The Company does not have a detailed shareholding structure breakdown as at 31 December 2012 or the date of this report, due to the on-going process of acquisition of the Company’s shares from the State Treasury, free of charge, by eligible employees, pursuant to the Commercialization and Privatization Act of 30 August 1996. The information included in the foregoing table was transmitted in the Current Report no. 40/2012 of 30 November 2012 prepared on the basis of the notification from the State Treasury.
(2) The State Treasury, including Employee Shares. Shares of the eligible employees or their heirs will remain the property of the State Treasury until they are disposed in their favor. 1. Starting on 10 October 2011, JSW S.A. began to dispose, free of charge, 14,928,603 series A registered shares of JSW S.A. with a par value of PLN 5.00 each to eligible employees of JSW S.A.. 2. In connection with the contribution of KK Zabrze shares to JSW S.A., shares of the persons entitled to a gratuitous purchase of KK Zabrze allow them to exercise the right to a gratuitous purchase of JSW S.A. shares instead of KK Zabrze shares. On 23 April 2012, the gratuitous disposal commenced of 1,130,137 series D registered shares of JSW S.A. with a par value of PLN 5.00 each, to eligible employees of KK Zabrze S.A.

The Company has not received any information about the percentage thresholds of the total number of votes being exceeded as prescribed by art. 69 section 1 of the Act on Public Offerings and the Conditions for Admitting Financial Instruments to an Organized Trading System and on Public Companies.