The Management Board of Jastrzębska Spółka Węglowa S.A. [“JSW”, “Company”], with reference to:
[i] Current Report No. 14/2026 of 9 March 2026 concerning the preliminary share purchase agreement concluded by JSW and Agencja Rozwoju Przemysłu S.A. [Industrial Development Agency, “ARP”] for the sale of shares held by JSW in Przedsiębiorstwo Budowy Szybów S.A. [“PBSz”] and in Jastrzębskie Zakłady Remontowe Sp. z o.o. [“JZR”] [“PSPA”], and
[ii] Current Reports No. 49/2026 of 30 June 2026 and 53/2026 of 31 July 2026 concerning the change of the End Date set forth in the PSPA, which was ultimately deferred to 31 October 2026,
hereby reports that on 17 August 2026, the Management Board of the Company adopted a resolution approving the filing of an application to ARP for a loan of up to PLN 1,066,000,000.00 [“Application”].
This financing is intended to replace the sale of shares in PBSz and JZR to ARP, as previously contemplated in the PSPA. The proposed loan amount corresponds to the total preliminary purchase price of shares in PBSz and JZR set forth in the PSPA.
The proceeds from the loan are intended to finance the Company’s operations during the restructuring period, which includes measures aimed at reducing operating costs and optimizing the operations of the JSW Group.
The filing of the Application does not guarantee that ARP will grant the loan to the Company. The possibility of granting the loan and its final terms will depend, in particular, on the results of further financial and legal analyses conducted by ARP, the negotiation of the financing documentation, and the receipt of required approvals, including consents from institutions financing the Company.
The Company will provide updates on additional material stages of the process in accordance with applicable legal regulations.
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.