Body of the report:

The Management Board of Jastrzębska Spółka Węglowa S.A. [“JSW”, “Company”], with reference to Current Report No. 39/2025, hereby reports that it has completed a non-current assets impairment test in accordance with the provisions of IAS 36 Impairment of assets.

The result of the test indicates an impairment of non-current assets in the coal segment, i.e. the assets of KWK Knurów-Szczygłowice in the total amount of PLN 648.0 million.

Recognition of the impairment loss will reduce the operating result of JSW and the Group but will not impact their liquidity position. The final value of the impairment loss will be presented in JSW's interim condensed standalone financial statements and in the JSW Group's interim condensed consolidated financial statements, respectively, for the three-month period ended 31 March 2025.

Please be advised that the above figures are estimates and are subject to change. 

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.