Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. [“JSW”, “Company”] hereby reports that it has completed analyses of the key indications that the carrying amount of assets may be impaired, in accordance with the provisions of IAS 36 Impairment of Assets.

With reference to Current Report No. 93/2025 "Information on the commencement of preparations for the business restructuring process of JSW S.A.", the Company hereby reports that analyses of production and sales assumptions have identified changes in certain technical and economic parameters that constitute grounds for recognizing impairment losses on the value of the JSW Group's non-current assets in previous years, such as changes in the assumed production volume and planned operating expenses in individual years.

The numerical estimates will be calculated in accordance with the provisions of IAS 36 and the Company will inform about the test results in a separate current report.

The recognition or reversal of impairment losses on the assets of individual cash-generating units will be included in JSW's annual standalone financial statements and in the JSW Group's annual consolidated financial statements for the financial year ended 31 December 2025.

The update of the impairment losses on the carrying amount of the assets will have a non-cash impact on JSW’s and the Group’s operating result [it will not affect the liquidity situation of JSW Group companies]. 

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.