Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. ("Company", "JSW”), with reference to Report No. 36/2017, hereby reports that on 25 November 2021 an annex was signed to the coking coal supply agreement ("Annex") between Jastrzębska Spółka Węglowa S.A. with its registered office in Jastrzębie-Zdrój (acting in the agreement as the "Seller") and voestalpine Stahl GmbH with its registered office in Linz, Austria (acting in the agreement as the "Buyer"), which became the sole partner in the Agreement in place of voestalpine Rohstoffbeschaffungs GmbH and Importkohle GmbH with its registered office in Linz, Austria.

The long-term agreement referred to in Report No. 36/2017 ("Agreement") was concluded for a period of 5 years from 01 April 2018 to 31 March 2023. Pursuant to the concluded Annex, the aforementioned term of the Agreement is extended by another 5 years until 31 March 2028.

Consequently, after conclusion of the Annex, the total estimated value of the Agreement will increase to PLN 4.9 billion.

The Annex does not change the existing terms of the Agreement, which are standard for agreements of this type used in the market.

In connection with the Buyer’s significant share in JSW's customer portfolio, information about the executed Annex is material from the perspective of securing stable coking coal sales in the long term.
In addition, the voestalpine Group is also a strategic buyer of coke from the JSW Group, and in its field is one of the global leaders in production and processing of steel, and flat and long products.

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.