Body of the report:

In reference to Current Report no. 28/2021, the Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, “Company”) hereby provides information about the education, qualifications and previous positions, together with a description of the career of Mr. Tomasz Cudny who has been appointed to be the President of the JSW Management Board in its 10th term:

Mr. Tomasz Cudny graduated from the AGH University of Science and Technology in Kraków, majoring in Underground Deposit Mining Technique at the Mining Department. Completed postgraduate studies in Public Procurement at the Department of Organization and Management at the Silesian University of Technology. He is qualified to sit on supervisory bodies of companies with a State Treasury shareholding.

After graduation he worked at the Kazimierz-Juliusz mine in Sosnowiec, where he passed through all the professional career levels, from trainee to Manager of the Mining Works Department and Deputy Head of Mine Operations. He worked in mining development and decommissioning and reinforcement departments. He co-created the mining method for a strongly sloping coal seam and, together with a team, he worked out the possibility of maintaining roadway excavations adjacent to goafs.

In 2007-2010, he worked as Chief Specialist in the Logistics and Tender Team in the Management Office of Katowicki Holding Węglowy S.A. (KHW S.A.). Then he held managerial positions in KWK Murcki-Staszic and KWK Wujek mines. In 2016 he became the President of the Management Board of KHW S.A. and in 2017 the President of the Management Board of Spółka Restrukturyzacji Kopalń S.A., where he worked until 2018. From 2019 to 2021, he served as President of the Management Board of Tauron Wydobycie S.A.

In accordance with the submitted representation, Mr. Tomasz Cudny 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.

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