Investment projects in the Parent Company’s mines

Structure of capital expenditures in 2012 and in the comparative period:

	2012	2011	Growth
Capital expenditure construction activity	487.3	429.2	113.5%
Purchases of finished capital assets	493.1	576.3	85.6%
Expenditures on expensable mining pits	487.2	288.6	168.8%
Total	1,467.6	1,294.1	113.4%

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From the total expenditures incurred in 2012 in the amount of PLN 1,467.6 million, PLN 1,455.9 million was incurred for property, plant and equipment, PLN 7.6 million for investment property and PLN 4.1 million for intangible assets. The capital expenditures in 2012 were financed from own funds. In the upcoming years, the Parent Company does not plan to change significantly the structure of capital expenditure financing.

The capital expenditures incurred by the Parent Company on property, plant and equipment in 2012 were earmarked for the following tasks:development tasks (for vertical and horizontal expansion of mines),to ensure current production capacity.

The amounts of expenditures incurred for property, plant and equipment in 2012 and in the comparable period, according to the above breakdown, are as follows:

	2012	2011	Growth
Capital expenditures on development tasks	317.5	277.7	114.3%
Capital expenditures to ensure current production capacity	662.9	727.8	91.1%
Expenditures on expensable mining pits	487.2	288.6	168.8%
Total	1,467.6	1,294.1	113.4%

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As for development investments, in 2012 JastrzębskaSpółkaWęglowa S.A. executed the following projects pertaining to vertical expansions of mines and horizontal expansion: