Shareholders

State Treasury - 64,775,542 shares and votes at the General Meeting, i.e. 55.16% of the JSW share capital,

Goldman Sachs Group Inc.* - 5,812,767 shares and votes at the General Meeting, i.e. 4.95% of the JSW share capital,

Other - 46,823,287 shares and votes at the General Meeting, i.e. 39.89% of the JSW share capital.

* indirectly through Goldman Sachs International, Goldman Sachs & Co and Goldman Sachs Asset Management Holdings.