Current Report No. 48/2013

Disclosure of delayed confidential information

Body of the Report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, “Company”) hereby announces confidential information the disclosure of which has been delayed pursuant to Article 57 Section 1 of the Act of 29 July 2005 on Public Offering and the Terms and Conditions for Introducing Financial Instruments to an Organized Trading System and on Public Companies (Journal of Laws of 2009 No. 185 Item 1439, as amended) and § 2 Section 1 Item 1 of the Regulation issued by the Minister of Finance of 13 April 2006 on the Type of Information that May Compromise the Legitimate Interests of the Issuer and on the Manner of the Issuer’s Conduct in Connection with a Delay in Announcing Confidential Information (Journal of Laws No. 67 Item 476).

The delayed confidential information was the fact of signing, on 8 November 2013, a letter of intent (“Letter of Intent”) between JSW and Kompania Węglowa S.A. (“KW”) on the possibility of enhancing cooperation in respect of mining the deposits of the “Knurów-Szczygłowice” Coal Mine and the Company’s potential acquisition of an organized part of KW’s enterprise consisting of the “Knurów-Szczygłowice” Coal Mine (hereinafter collectively referred to as the “Potential Transaction”). The Letter of Intent obligates the parties to negotiate the Potential Transaction in good faith. At the moment, the negotiation process between the Company and KW on the Purchase Object is at a very early stage. The Letter of Intent contains a provision of exclusivity for the duration of the term of the Letter of Intent under which KW is obligated to refrain from taking action that would prevent or hinder the execution of the Potential Transaction. In particular, KW undertook to refrain from offering the purchase object of the Potential Transaction in whole or in part to any third party and to refrain from accepting any such offers. The Company will keep announcing significant events related to the execution of the Potential Transaction in separate current reports.