Columbus Energy S.A.

Regulatory Filings • Jun 15, 2016

May FY2016 production update

Current report no. 10/2016 Dated June 15, 2016

The Board of Directors of Coal Energy S.A. (the "Company") hereby provides update on coal production in May FY2016. The financial year 2016 of the Company commenced on the 1st July 2015 and will end on the 30th June 2016.

in tonnes	May FY2016	May FY2015	change % y-o-y	change in tonnes y-o-y	April FY2016	change % m-o-m	change in tonnes m-o-m
Total coal production	15 095	24 820	-39.2%	-9 725	23 033	-34.5%	-7 938

Production of coal from mining composed 15,095 tonnes of thermal, coking and dual purpose coal.

The level of coal production has been reduced since August 2014 and some of the operating actives are working in the sustaining mode due to ongoing military conflict in the region thus the Company provides aggregate data indicating only total volume of coal produced without specification by types of coal.

The Management Board will duly update investors about the changes of production plans.

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.