Body of the report:
In reference to Current Report No. 25/2021, the Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”) hereby provides information about the education, qualifications and previous positions, together with a description of the careers of Mr. Sebastian Bartos, Mr. Robert Ostrowskio and Mr. Edward Paździorko who have been appointed to be members of the JSW Management Board in its 10th term:
Sebastian Bartos:
Graduated from the Faculty of International Economic Relations and Global Problems at the Academy of Economics in Katowice (now the University of Economics in Katowice), a scholarship holder at the Fachhochschule Frankfurt am Main (marketing and business law - Faculty of Business Economics). Completed Executive MBA postgraduate studies at Warsaw Management University and postgraduate studies in Modern Management Methods and Technologies in Coking Industry at the AGH University of Science and Technology in Kraków. He is qualified to sit on supervisory bodies of companies with a State Treasury shareholding.
He started his professional career in 1999 at the editorial office of the stock exchange newspaper "Die Telebörse" of the Handelsblatt Group in Frankfurt am Main. Since 2002, he has been associated with the Jastrzębska Spółka Węglowa S.A. Group. In the Sales Department of Polski Koks S.A. and later on in Jastrzębska Spółka Węglowa S.A. he worked his way up the career ladder from Sales Specialist to Director of the Coke and Hydrocarbons Sales Department.
Since the beginning of his professional career in the JSW S.A. Group, he has been associated with trade, working in managerial positions at various levels responsible for the sale of the JSW Group's products, i.e. coking coal, coke, hydrocarbons, steam coal, as well as logistics and market analysis.
He has 20 years of professional experience and unique knowledge in trading bulk commodities in highly volatile and demanding markets, knowledge of specific customers and the changes currently taking place in the steel sector in Europe and globally.
Participant and speaker of numerous specialist conferences on raw materials in Poland and abroad. He is fluent in German and English.
In accordance with the submitted representation, Mr. Sebastian Bartos is not listed in the Register of Insolvent Debtors kept pursuant to the National Court Register Act, is not involved in any activities competing with the Company’s business and is not a partner in any civil law company or partnership, nor is he a member of any corporate body of a capital company, nor is he a member of any corporate body of any competitive legal persons.
Robert Ostrowski:
Graduate of Executive MBA studies and the Faculty of National Economy at the Wrocław University of Economics. He also completed postgraduate studies in Capital Investments and Company Development Projects and postgraduate studies in International Financial Reporting Standards at the Warsaw School of Economics/Ernst&Young. He also participated in a course for investment advisors and passed an exam for candidates for supervisory board members in State Treasury companies.
He has many years of experience in management positions, mainly in finance, among others in the mining, steel and power industry, in companies owned by the State Treasury as well as in private companies.
After university, Robert Ostrowski worked for private funds in the mining industry. From 1998 to 2002 he was Finance Director at Huta Katowice S.A., from 2002 to 2006 he was Finance Director and Director of the Financial Projects Department at Mittal Steel Poland S.A. (previously: Huta Katowice S.A., Polskie Huty Stali S.A., now ArcelorMittal), from 2006 to 2008 he was Deputy President for Economics and Finance at Jastrzębska Spółka Węglowa, from 2008 to 2014 he was President of the Management Board of Minerals Mining Group S.A., from 2014 to 2015 he was a member of the Management Board for Economics at Polskie Kolejach Linowe S.A. and Polskie Kolejach Górskie S.A. From February 2016, he was a member of the JSW S.A. Supervisory Board seconded to serve as a member of the JSW S.A. Management Board and then from June 2016 to February 2019, he served as Vice-President of the Management Board for Financial Matters at JSW. In this period he was responsible for, among other things, developing the assumptions and implementing the financial restructuring plan for JSW and building a long-term financing structure based on the creation of the Closed Stabilization Investment Fund, the purpose of which was to support the Company's current liquidity and reduce the impact of coal and coke price volatility risk on continuity of the JSW Group’s operating and investment activity. He was also responsible for obtaining and finalizing long-term amortized and revolving bank financing.
From 2019 to 2020, he served as President of the Management Board of PGE Górnictwo i Energetyka Konwencjonalna S.A. - the largest power producer in Poland covering over 39% of the demand for electricity. Then, from May 2020, he was President of the Management Board of Polskie Elektrownie Jądrowe Sp. z o.o. (previously PGE EJ 1 Sp. z o.o.).
In accordance with the submitted representation, Mr. Robert Ostrowski is not listed in the Register of Insolvent Debtors kept pursuant to the National Court Register Act, is not involved in any activities competing with the Company’s business and is not a partner in any civil law company or partnership, nor is he a member of any corporate body of a capital company, nor is he a member of any corporate body of any competitive legal persons.
Edward Paździorko:
Graduated from the AGH University of Science and Technology in Kraków, Faculty of Mining and Geology. He also completed postgraduate MBA studies at the Warsaw School of Economics. In addition he completed postgraduate studies in Occupational Health and Safety at the AGH University of Science and Technology in Kraków. He also completed a course for candidates for Supervisory Board Members of State Treasury Companies.
From the outset of his career he has been active in the mining industry. In 1992, he started working in the "Wesoła" coal mine in Mysłowice, initially as an underground trainee, and then he worked his way up the supervisory ladder from the position of overman, through shift foreman, branch manager and mining foreman, to mining works manager and deputy chief mining engineer. While working at the Wesoła coalmine until 2007, he was also qualified as Head of Mine Operations.
He gained his mining experience in areas of the greatest natural hazards, including methane, crumbling, fire and water hazards, managing large teams of people. He has also proven himself as a mine rescuer and managing direct rescue operations as an Operation Manager. In 2007-2008, he worked in mining supervision at KGHM Polska Miedź S.A.’s "Lubin" Mine. From 2008 to 2016 he worked at the KWK "Murcki-Staszic" mine owned by Katowicki Holding Węglowy S.A. (KHW), where, among other things, he worked as Chief Mining Engineer and, since 2015, as Technical Director of this mine. Since July 2016, working as the Chief Engineer at KHW, he participated in the preparation and transfer of KWK "Śląsk" and KWK "Wieczorek” to Spółka Restrukturyzacji Kopalń, and in the merger of KHW with the Polska Grupa Górnicza (PGG). After the incorporation of KHW into the PGG structures, he co-founded the Natural Hazards Department at the Company’s Management Board.
As of June 2017, he was the Director of the Mining Investment Works Department (ZGRI) at PGG. During this time he supervised, among others, the implementation of innovative directional drilling with the use of plunge engines used in the methane drainage from mines, as well as specialized the Department's activity in mining works required for the Company's mines. As of December 2019, he has been Vice President of the Management Board for Technical Matters at TAURON Wydobycie S.A.
In accordance with the submitted representation, Mr. Edward Paździorko is not listed in the Register of Insolvent Debtors kept pursuant to the National Court Register Act, is not involved in any activities competing with the Company’s business and is not a partner in any civil law company or partnership, he is a member of a corporate body of a capital company (TAURON Wydobycie), and he is not a member of any corporate body of any competitive legal persons.
Legal basis: § 5 Item 5 and § 10 of the Regulation issued by the Finance Minister on 29 March 2018 on the Current and Periodic Information Transmitted by Securities Issuers and the Conditions for Recognizing the Information Required by the Regulations of a Non-Member State as Equivalent