KOPEX : The signing of the agreement on prolongation the repayment terms of credits and refrain from blocks between KOPEX SA, its subsidiaries and the Banks. As well as information about the signing (...).

(Translation from the Polish language)

FINANCIAL SUPERVISORY COMMISSION Current report No 77/2016

Date: 6 September 2016

Issuer's shortened name: KOPEX SA

Subject: The signing of the agreement on prolongation the repayment terms of credits and refrain from blocks between KOPEX SA, its subsidiaries and the Banks. As well as information about the signing of the annexes reffered to in the current reports RB75/2016 and RB76/2016.

Legal basis: Art. 17, Par.1 MAR - confidential information

Contents of the report:

KOPEX SA (the Issuer, the Company) informs that on 6 September 2016 has received the agreement on prolongation the repayment terms of credits and refrain from blocks between KOPEX SA, its subsidiaries and the banks financing the KOPEX Group's activity (the Agreement), signed by all the parties of the agreement.

The Parties of the Agreement are: the Issuer and its subsidiaries: KOPEX - Przedsiębiorstwo Budowy Szybów SA, KOPEX MACHINERY SA, Fabryka Maszyn i Urządzeń TAGOR SA, Śląskie Towarzystwo Wiertnicze "DALBIS" sp. z o.o., Zabrzańskie Zakłady Mechaniczne - Maszyny Górnicze sp. z o.o., KOPEX Hydraulika Siłowa sp. z o.o., Elgór+Hansen SA (hereinafter referred to collectively as "the Subsidiaries") and the following banks: Powszechna Kasa Oszczędności Bank Polski SA, Bank Polska Kasa Opieki SA, ING Bank Śląski SA, Bank BGŻ BNP Paribas SA, HSBC Bank Polska SA, Deutsche Bank Polska SA, Raiffeisen Bank Polska SA (hereinafter referred to collectively as "the Financing Banks").

The Agreement provides that:

1. the repayment terms of credits granted by the Financing Banks, which the due date falls between the date of entry into force of the Agreement and 7 September 2016 has been extended until 7 September 2016,

2. in the event of signing on 7 September 2016 agreement concerning the key terms of the restructuring of the Kopex Group, the due dates of credits deferred in accordance with the paragraph (a) above until 7 September 2016 will be automatically extended until 30 November 2016,

3. in the event of signing on 7 September 2016 agreement concerning the key terms of the restructuring of the Kopex Group, the Financing Banks will immediately, but not later than within two working days from the date of signing of the key terms of the restructuring of the Kopex Group, refrain from blocking incoming payments, which has entered the Issuer's or its subsidiaries bank account from 1 September until the date of signing the key terms of the restructuring of the Kopex Group,

4. the Financing Banks have agreed, during the period of the agreement, not to undertake any debt enforcement actions against the Issuer or its subsidiaries, including not to block the funds on bank accounts or otherwise not to block funds paid into the Issuer's or its subsidiaries accounts or into the technical accounts of the Financing Banks intended for the Issuer or its subsidiaries,

5. the agreement is valid until 7 September 2016 inclusive; in case of signing the key terms of the restructuring of the Kopex Group up to 7 September 2016 the agreement shall be automatically extended until 30 November 2016; the Agreement defines the events that entitle the Financing Banks to terminate the Agreement prior to its termination.

The Issuer informed about the maturity of credits granted by the Financing banks in the current reports RB62/2014, RB20/2015, RB75/2016, RB76/2016.

The subject of the Agreement are also other agreements relating to the financing of the Issuer's activity by the Financing Banks, which were not subject to the current reports because shall not be deemed significant within the meaning of the Regulation on current and periodical information communicated by issuers of securities.

At the same time the Management board of the Company informs that on 6 September 2016 has received signed by all the Parties: annex to the multi-purpose credit line agreement concluded with Powszechna Kasa Oszczędności Bank Polski SA as well as annex to the multi- product agreement concluded with ING Bank Śląski SA, of which the Issuer informed about in the current reports RB75/2016 and RB76/2016.