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Current Report No. 69/2015

Termination of significant agreement concluded with EDF Paliwa Sp. z o.o.

 

Body of the Report:

The Management Board of JSW S.A. (The "Company", "JSW") announces that today the Company EDF Paliwa Sp. z o.o. submitted a written declaration under which does not extend the agreement with the Company concluded on December 27, 2012  on the sale of coal for energy purposes, as informed by JSW in the current report No. 41/2012 (the "Agreement"). Given the above, this Agreement will terminate on December 31, 2017. The estimated value of the Agreement throughout the period of its validity (from 01.01.2013 to 31.12.2017) Is PLN 1.1 billion  (one billion one hundred million ). The estimated value of the Agreement remain to be implemented in the years 2016 - 2017 amounts to PLN 0.4 billion  (four million). By virtue of termination, the Company does not anticipate any financial consequences of any side JSW Group companies.

Legal Basis:

§ 5 section 1 item 5 of the Finance Minister’s Regulation of 19 February 2009 on the current and periodic information conveyed by securities issuers and the conditions for recognizing the information required by the regulations of a non-member state as being equivalent (Journal of Laws of 2009, No. 33, Item 259 as amended).

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