Columbus Energy S.A.

Business and Financial Review • Feb 15, 2019

January FY2019 production update

Current report no. 2/2019 Dated February 15, 2019

The Board of Directors of Coal Energy S.A. (the "Company") hereby provides update on coal production in January FY2019. The financial year 2019 of the Company commenced on the 1st July 2018 and will end on the 30th June 2019.

in tonnes	January FY2019	January FY2018	change % y-o-y	change in tonnes y-o-y	December FY2019	change % m-o-m	change in tonnes m-o-m
Total coal production	12 413	8 978	38.3%	3 435	13 417	-7.5%	-1004

Production of coal from mining composed 12 413 tonnes of coking and dual-purpose 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.