Body of the Report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, “Company”) hereby reports that on 12 February 2020 the Company’s Supervisory Board adopted a resolution to dismiss from the JSW Management Board Mr. Rafał Pasieka, who had served in the capacity of Vice-President of the Management Board for Sales.

At the same time, the Company’s Supervisory Board adopted a resolution to entrust Mr. Włodzimierz Hereźniak with the duties of Acting Vice-President of the Management Board for Sales in the period from 12 February 2020 to the date of appointment of Vice-President of the Management Board for Sales.  In this period, Mr. Włodzimierz Hereźniak will continue to serve as the President of the JSW Management Board.

Legal basis: § 5 item 4 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.