Columbus Energy S.A.

Report Publication Announcement • Nov 15, 2019

October FY2020 production update

Current report no. 22/2019 Dated November 15, 2019

The Board of Directors of Coal Energy S.A. (the "Company") hereby provides update on coal production in October FY2019. The financial year 2020 of the Company commenced on the 1st July 2019 and will end on the 30th June 2020.

in tonnes	October FY2020	October FY2019	change % y-o-y	change in tonnes y-o-y	September FY2020	change % m-o-m	change in tonnes m-o-m
Total coal production	5 553	12 918	-57.0%	-7 365	6 488	-14.4%	-935

Production of coal from mining composed 5 553 tonnes of coking coal.

Signatures of individuals authorized to represent the Company:

Elena Belousova

Legal grounds: Art. 56 of the Polish Act of 29 July 2005 on the public offering, conditions governing the introduction of financial instruments to organized trading system and on public companies, and the Luxembourg Act of 11 January 2008 on transparency obligations of securities issuers, as amended.