Current report No. 9/2014

Date of preparation: 22 May 2014


Subject: Conclusion of a Significant Agreement with mBank S.A.

General legal basis: Article 56.1.1 of the Act on Public Offering – confidential information

Content:

The Management Board of Lubelski Węgiel Bogdanka S.A. (the “Borrower”, the “Company”) with registered office in Bogdanka hereby informs you that on 21 May 2014 it concluded an agreement for a revolving overdraft credit facility to be granted by mBank Spółka Akcyjna with registered office at ul. Senatorska 18.

Funds from the credit facility will finance the Company’s day-to-day business activities. The credit facility will make it possible for the Company to secure its financial liquidity at a level provided for in the Company’s strategy.

The credit facility amounts to PLN 150,000,000 (in words: one hundred and fifty million zlotys). The credit facility was granted for a period of 24 months following the date on which the funds are made available to the Borrower. The term of the agreement may be extended.

Other key terms and conditions of the credit facility agreement:

- interest: fixed bank margin in the credit period increased by WIBOR 1M,
- bank margin: 0.3497% p.a.,
- interest payment schedule: the last day of a calendar month.

Other terms and conditions of the Agreement do not differ from the standard provisions of credit facility agreements.

Legal basis for submitting the report: Article 56.1.1 of the Act on Public Offering – confidential information