The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW” or “Company”) hereby reports, in reference to current report no. 40/2020, that a trilateral agreement was signed today by JSW, Polski Fundusz Rozwoju S.A. (Polish Development Fund, “PFR”) and Jastrzębskie Zakłady Remontowe Sp. z o.o. (“JZR”) as one of the guarantors.

Under the agreement, a liquidity loan in the amount of PLN 1 billion (one billion Polish zloty) will be granted to the Company under the government program entitled “The Polish Development Fund’s Financial Shield for Large Companies”. The terms and conditions of the final agreement do not differ from those that JSW presented in its Current Report No. 40/2020. According to the collateral requirements, JZR extended a surety to secure the timely performance by JSW of the obligations arising out of the financing; JSW KOKS S.A. will extend its surety after the necessary corporate approvals are obtained.

Legal basis: Article 17 Section 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.