JSW S.A.

Board/Management Information • Mar 14, 2024

Subject:Reporton changes to the composition of the JSW S.A. Management Board

LegalBasis:Article56 Section 1 Item 2 of the Act on Offerings - current and periodicinformation

Bodyof the Report:

TheManagement Board of Jastrzębska Spółka Węglowa S.A. ("JSW", "Company")hereby reports that on 14 March 2024 the Company's Supervisory Boardadopted resolutions to dismiss, as of today, Mr. Edward Paździorko[Paździorko] from the position of Vice-President of the Management Boardfor Technical and Operational Matters of the 11th term of office.

Reasonsfor the dismissal of the aforementioned person were not specified.

At thesame time, the Company's Supervisory Board adopted resolutions to:

_#183;appoint,as of today, Mr. Adam Rozmus as the Vice-President of the ManagementBoard for Technical and Operational Matters of the 11th term of office,

_#183;appoint,as of today, Ms. Jolanta Gruszka as the Vice-President of the ManagementBoard for Sales of the 11th term of office.

TheCompany will provide the other information about the above persons,which is required by the Regulation issued by the Finance Minister on 29March 2018 on the Current and Periodic Information Transmitted bySecurities Issuers [...]areattached to this current report.

Atthe same time, the JSW Management Board reports that, in accordance withthe submitted representations, the aforementionedpersons, i.e.:Mr.Adam Rozmus andMs. Jolanta Gruszkaare not involved in any activities competitive to those they perform atJSW, are not partners or shareholders in any competing civil lawcompany, partnership or capital company, nor are they involved in anyother competitive legal person as members of its governing body. Thenewly appointed persons are not entered in the Register of InsolventDebtors kept pursuant to the provisions of the National Court RegisterAct and in the National Register of Indebted Persons kept pursuant tothe Act of 6 December 2018 on the National Register of Indebted Persons.