Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, “Company”) hereby reports that on 2 July 2019 the JSW Management Board and the representative trade union organizations operating in the Company entered into a memorandum of agreement on the payment of an additional cash bonus to JSW’s employees.

The total estimated cost of the bonus provided for in the executed memorandum of agreement is PLN 163.4 million. The bonus expense will be charged to the Company’s profit and loss account for Q3 2019. The payment of the bonus will exhaust the trade unions’ demands submitted in compliance with the Collective Dispute Resolution Act.

Legal basis: Article 17(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.