Current Report No. 22/2021

Changes to the composition of the JSW S.A. Management Board

Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, “Company”) hereby reports that on 9 July 2021 the Company’s Supervisory Board adopted resolutions to dismiss the following persons from the JSW Management Board as of today:

-  Ms. Barbara Piontek serving in the capacity of President of the Management Board,

-  Mr. Tomasz Duda serving in the capacity of Vice-President of the Management Board responsible for Development,

-  Mr. Włodzimierz Hereźniak serving in the capacity of Vice-President of the Management Board responsible for Sales.

At the same time, Mr. Jarosław Jędrysek serving in the capacity of Vice-President of the Management Board responsible for Financial Matters tendered his resignation from serving in the capacity of a Management Board Member with effect as of 9 July 2021 on account of personal reasons.

Moreover, the Company’s Supervisory Board adopted resolutions pertaining to the following:

i) Seconding Mr. Stanisław Prusek, a Supervisory Board member to perform temporarily the duties of the President of the Management Board of the 10th term of office. The period of secondment has been set for the time from 9 July 2021 to 8 October 2021 inclusively, though for no longer than until the date when the President of the Management Board is appointed;

ii) Entrusting Mr. Stanisław Prusek with the duties of Vice-President of the Management Board for Technical and Operational Matters from 9 July 2021 to the date of appointment of the Vice-President of the Management Board for Technical and Operational Matters;

iii) Seconding Mr. Michał Rospędek, a Supervisory Board member to perform temporarily the duties of the Vice-President of the Management Board responsible for Sales in the 10th term of office. The period of secondment has been set for the time from 9 July 2021 to 8 October 2021 inclusively, though for no longer than until the date when the Vice-President of the Management Board for Sales is appointed.

iv) Entrusting Mr. Michał Rospędek with the duties of Vice-President of the Management Board for Development from 9 July 2021 to the date of appointment of the Vice-President of the Management Board for Development;

v) Entrusting Mr. Artur Wojtków with the duties of Vice-President of the Management Board for Financial Matters from 9 July 2021 to the date of appointment of the Vice-President of the Management Board for Financial Matters.  During this period Mr. Artur Wojtków will also continue to serve as the JSW Management Board member responsible For Employment and Social Policy.

Legal basis: § 5 sec. 5 items 4 and 5 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