Current Report No. 3/2019

Dismissal of JSW S.A. Management Board Members

Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. ("JSW", "Company") reports that on 10 January 2019 the Company’s Supervisory Board adopted resolutions to dismiss the following persons as of today from the composition of the JSW Management Board:

 - Mr. Artur Dyczko serving in the capacity of Vice-President of the Management Board responsible for Strategy and Development,

 - Ms. Jolanta Gruszka serving in the capacity of Vice-President of the Management Board responsible for Sales.

 The Supervisory Board did not state any reasons for the dismissal.

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.