Jastrzębska Spółka Węglowa hereby reports that its JSW Innowacje subsidiary has in place a code of ethics that prohibits any mobbing conduct. Every notification of a violation of the code is investigated urgently and remedied. There are procedures in place that ensure anonymity of the individuals reporting a violation. The JSW Group does not tolerate any unethical or discriminatory behavior.

Please note that, at the meeting of 21 February, the Supervisory Board of JSW Innowacje SA accepted the resignation of the now former President of the Management Board of JSW Innowacje with immediate effect.

The temporary Management Board of JSW Innowacje will provide all assistance to anyone who reports unethical and illegal conduct. The authorities of JSW SA and JSW Innowacje declare their full willingness to cooperate with state authorities investigating the irregularities.

The JSW Group has been committed for years to the pursuit of the policy of observing the principles of ethics and anti-discrimination. There are special procedures in place governing the reporting of violations and irregularities and attempts to conceal them. The rules of conduct in such instances are described in detail in the publicly available JSW Code of Ethics.

JSW Group’s Code of Ethics

JSW Group’s Code of Ethics is a basic tool that supports the development of desired conduct and enforcement of possible violations of those ethical standards. It provides an opportunity for all employees, regardless of their position, to report problems at a high level. We have introduced a universal email address [email protected] used for daily communication on the matters of ethics. This solution allows employees to convey information regarding any breaches of the Code, occurrence of phenomena that are important from the perspective of ethics and are not captured in the code and submit suggestions on how to improve the procedures that are in place in the company. All such suggestions and notifications are confidential.