Important Notice

INITIAL PUBLIC OFFERING OF SHARES IN JASTRZĘBSKA SPÓŁKA WĘGLOWA S.A. AND ADMISSION OF SHARES TO TRADING ON THE WARSAW STOCK EXCHANGE

The following web pages contain information on the initial public offering of shares in Jastrzębska Spółka Węglowa S.A. (the "Company") by the State Treasury of Poland represented by the Minister of Treasury ("Selling Shareholder").

INFORMATION ON THE FOLLOWING WEB PAGES IS AVAILABLE SOLELY TO:

  1. PERSONS RESIDENT IN POLAND, OR
  2. PERSONS WHO ARE RESIDENTS OF OTHER MEMBER STATES OF THE EUROPEAN UNION AND WHO ARE QUALIFIED INVESTORS (as defined in Article 2(1)(e) of the EU Prospectus Directive 2003/71/EC)

The public offering takes place solely on the territory of Poland. Neither the Company nor the Selling Shareholder, nor any other entity acting on their behalf or for their account, undertook or intends to undertake any actions, which could be deemed an offering of the Company's shares to the public in any jurisdiction outside Poland.

Komisja Nadzoru Finansowego, the capital market regulatory authority in Poland has approved the prospectus made in connection with the initial public offering and admission of the Company's shares to trading on the Warsaw Stock Exchange.

INFORMATION CONTAINED ON THE FOLLOWING WEB PAGES MUST NOT BE VIEWED OR DISTRIBUTED IN THE UNITED STATES OF AMERICA

The securities described on the following web pages have not been and will not be registered under the US Securities Act of 1933. Information contained on those websites are not an offer or solicitation to buy any securities in the United States of America, and are not directed to any person in any jurisdiction in which such offer or solicitation would be prohibited. Securities may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offering of the securities in the United States.

Laws of certain jurisdictions outside of Poland may restrict the distribution of information contained on the following web pages. Persons visiting these web pages should take proper legal advice concerning such restrictions and adhere to them, if necessary.

PLEASE TICK AS APPROPRIATE:

I am not, and the entity I represent is not, located within the United States of America.

I am a Polish resident, or I am a resident of another member state of the European Union and I am, or the entity I represent is, a qualified investor, (as defined in Article 2(1)(e) of the EU Prospectus Directive 2003/71/EC)

I have read, and undertake to adhere to, the above limitations. By clicking on the “Proceed” button below, (i) I acknowledge that the information furnished on the following web page(s) is intended to be available only to persons resident in Poland and persons who are residents of other EU member states who are qualified investors (as defined above), and (ii) I acknowledge that furnishing this information in other jurisdictions, including but not limited to the United States, may be restricted or prohibited by applicable law, and (iii) I agree not to transmit or otherwise send any information contained in this website into the United States or to publications with a general circulation in the United States, or any other jurisdiction in which such transmission maybe restricted or prohibited by applicable law.

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