Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“JSW”, “Company”) hereby reports that in performance of the provisions of clause 3 of the Memorandum of Agreement of 28 January 2022 entered into by and between the JSW Management Board and the Representative Trade Union Organizations operating in the Company, on 5 July 2022 an agreement was signed regarding the disbursement of a one-off bonus (“Memorandum of Agreement”).

In accordance with the Memorandum of Agreement, the one-off bonus will be paid out in July of this year to all JSW employees who remained in employment as at 30 June 2022 and were eligible to receive it.

The cost of the one-off bonus, including the employer’s costs, will not exceed PLN 480.0 million  and will be posted in the Company’s accounts in Q3 2022. 

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.