Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, ”Company”) reports that on 16 January 2019 it adopted a resolution on full redemption of bonds with a total nominal value of PLN 71,510,000 and USD 13,170,000 issued under the Bond Issue Program established by JSW S.A. on 30 July 2014, as later amended, about which the Company reported in Current Report No. 21/2014.

The redemption of bonds that the Company plans on 18 January 2019 will result in ending the Bond Issue Program.

The planned redemption of the bonds is consistent with the provisions of the Issue Conditions.

Legal basis: Article 17 Section 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse and Repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.