Current Report No. 15/2021

JSW Management Board’s decision to raise the rates of pay for JSW S.A. employees

Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”, “JSW”) hereby reports that today it adopted a resolution to raise as of 1 July 2021 the rates of base pay by 3.4% for all JSW S.A. employees.

This decision means that the labor costs in the Company will increase by approximately PLN 110.0 million per annum.

Legal basis: Article 17 Section 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