Body of the Report:

With reference to Current Report No. 1/2020, the Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, “Company”) hereby reports that on 13 January 2020 the Supervisory Board adopted a resolution on giving consent to redemption of JSW Stabilization Closed-end Investment Fund (“FIZ”) Investment Certificates of Series A in the amount of PLN 400 million and of series B in the amount of PLN 300 million.

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