Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. ["JSW", "Company"], with reference to Current Report No. 28/2024, hereby reports that on 19 June 2024 the Company's Supervisory Board gave a positive opinion on the Management Board's motion and granted consent for redemption of 146.648 series A JSW Stabilization Closed-end Investment Fund ["FIZ”] Investment Certificates with a total estimated value of PLN 200 million and for further redemption of JSW Stabilization Closed-end Investment Fund Investment Certificates until the end of 2024 up to PLN 1,300 million, i.e. a total of PLN 1,500 million. The above estimates were based on the valuation as at 31 March 2024 and may differ from the actual values, which will be known only through the valuation made on the respective redemption date.

Each redemption of FIZ Certificates within the limit of PLN 1,300 million requires the consent of the Supervisory Board of JSW S.A.

Legal basis: Article 17(1) of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on Market Abuse and Repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC.