JSW S.A.

Delisting Announcement • Jan 30, 2024

Subject:Extension of the duration of the JSW Stabilization Closed-end InvestmentFund

Body of the Report:

TheManagement Board of Jastrzębska Spółka Węglowa S.A. [_quot;JSW_quot;, _quot;Company_quot;]hereby reports that on 30 January 2024 it gave consent to extend theduration of the JSW Stabilization Closed-end Investment Fund [_quot;FIZ_quot;] foranother 3 years, i.e. until 30 December 2027, leaving the possibility ofextending the FIZ's duration for a maximum of 3 years.

Atthe same time, the Management Board hereby reports that on 30 January2024 it adopted a resolution to convene the FIZ Investor Meeting, withan agenda including, among other things: adoption of a resolutiontoextend the duration of the FIZ.

TheCompany will report the adoption of the resolution by the FIZ InvestorMeeting in a separate current report.

Legal basis:Article17[1] of Regulation [EU] No. 596/2014 of the European Parliament and ofthe Council of 16 April 2014 on Market Abuse and Repealing Directive2003/6/EC of the European Parliament and of the Council and CommissionDirectives 2003/124/EC, 2003/125/EC and 2004/72/EC.