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Current Report No. 8/2023

Announcement of force majeure in JSW

Body of the Report:

The Management Board of Jastrzębska Spółka Węglowa S.A. (“Company”, “JSW”) reports that on 17 March 2023 it adopted a resolution on the occurrence of force majeure in JSW and the notification of the Company’s business partners of its occurrence and the ensuing consequences for the obligations affected by the operation of force majeure.

The adoption of this decision is related to the occurrence, on 7 March 2023, of a fire in KWK “Knurów-Szczygłowice” Knurów Section. The area of the longwall where the incident occurred has been sealed off. After the operation, a fire field will be designated. For the time being, it is not possible to determine the time for which the area will be sealed off.

As a result of the analyses conducted, the impact of the event in 2023 has been estimated at 250 thousand tons of reduction in the level of production at KWK Knurów-Szczygłowice.

The Company reports that as at the date of preparing this report, it is not possible to specify the full impact of the incident on the future prospects of the Company and of the JSW Group. In the event of material changes stemming from the analyses conducted, JSW will provide information in the form of separate current reports.


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.

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