KOPEX : An agreement with Jastrzebska Spolka Weglowa SA

(Translation from the Polish language)

Date: 27 January 2016

Issuer's shortened name: KOPEX SA

Subject: An agreement with Jastrzebska Spolka Weglowa SA

Legal basis: Law on Offer, Art. 56, Par.1 Item 2 - current and cyclic information

The Management Board of KOPEX SA with its registered seat in Katowice (the Issuer) announces that today it has been aware of receiving by KOPEX Machinery SA an signed agreement with Jastrzębska Spółka Węglowa SA dated 18.01.2016. The agreement is between: Consortium KOPEX Machinery SA (leader of a consortium) and a company FAMUR SA (member of a consortium) occurring together as a Contractor and Jastrzębska Spółka Węglowa SA as an Orderer. The subject of the agreement is : "Supply of 167 pieces of brand new FRS-18/46-2x3056 roof support units with a range of operation of not more than 2.0 m to not less than 4.5 m including high-pressure power pack designed for supplying of the powered roof support units, brand new armoured face conveyor RYBNIK 850, brand new beam stage loader GROT 850 together with a crusher and transmission gear for JSW SA, Knurów-Szczygłowice Coal Mine, Szczygłowice Area."

The contract period is 15 weeks from the date of the agreement for roof support units including high-pressure power pack designed for supplying of the powered roof support units and 6 weeks from the date of the agreement for armoured face conveyor, beam stage loader together with a crusher and transmission gear.

Net value of the agreement : PLN 60,290,071.55 .

The contractor may be charged by the Orderer a stipulated penalty in the amount of 0,1% gross value for each day of the execution of the order or for each hour of delay in relation to the agreed deadline of accession to the failure removal or defects under guarantee. In case of renouncing the agreement by the Orderer due to the reasons caused by the Contractor, the Contractor is obliged to pay the Orderer stipulated penalty amounting to 10% of the gross agreement value. Regardless of the stipulated penalties the Parties may claim on the Civil Code basis. The issuer informed about selection of the most economically advantageous tender in the current report RB 36/2015 dated 17.12.2015.

The signed agreement does not fulfil all the criteria of the Regulation of the Minister of Finance dated 19 February 2009 on current and periodic information submitted by issuers of securities and conditions for recognizing as equivalent information required by the laws of non-member state (Dz.U. /Journal of Laws/ of 2014, item 133).