Columbus Energy S.A.

Report Publication Announcement • Oct 29, 2021

Unaudited consolidated annual financial report for FY2021

Current report no. 10/2021 Dated October 29, 2021

The Board of Directors of Coal Energy S.A. (the "Company") hereby releases the unaudited consolidated annual financial report of the Coal Energy's Group.

The unaudited consolidated annual financial report is also available on the Company's website in Investor Relations section.

In 2021FY as well as in previous years of military conflict the Company was not able to conduct annual audit technically because some of the assets over which the Company has lost control (due to the ongoing military conflict in the East of Ukraine) were still incorporated in the structure of the Group.

The FY2021 of Coal Energy S.A. commenced on July 01, 2020 and ended on June 30, 2021.

in US\$ thousand	w tys. US\$	FY2021 (niezaudytowane)	FY2020 (niezaudytowane)
Revenue	Przychody ze sprzedaży netto	850	3,693
Operating profit/(loss)	Wynik /strata operacyjny	(2,502)	(2,855)
Profit before tax	Wynik/strata brutto	48,397	30,123
Profit for the period	Wynik /strata netto	47, 640	31,116
Loss/Profit for the period attributable to equity holders of the parent	Wynik/strata netto przypadający na akcjonariuszy jednostki dominującej	47,746	31,065
Non-current assets	Aktywa trwałe	16,143	76,166
Inventories	Zapasy	1,930	23,869
Trade and other receivable	Należności handlowe i inne	320	20,747
Cash and cash equivalents	Środki pieniężne i ich ekwiwalenty	3	16
Current assets	Aktywa obrotowe	2,791	48,047
Share capital	Kapitał zakładowy	450	450
Equity attributable to equity holders of the parent	Kapitał własny przypadający na akcjonariuszy jednostki dominującej	4,123	(40,150)
Total equity	Kapitał własny	3,982	(41,019)
Current loans and borrowings	Kredyty i pożyczki krótkoterminowe	925	64,754

Selected financial data / Wybrane dane finansowe

in US\$ thousand	w tys. US\$	FY2021 (niezaudytowane)	FY2020 (niezaudytowane)
Trade and other payable	Zobowiązania handlowe i inne	5,224	81,362
Total liabilities	Zobowiązania ogółem	14,952	165,232
Total assets	Aktywa ogółem	18,934	124,213
Net cash flow from operating activity	Przepływy pieniężne netto z działalności operacyjnej	56	134
Net cash flow from investing activity	Przepływy pieniężne netto z działalności inwestycyjnej	(75)	(81)
Net cash from financial activity	Przepływy pieniężne netto z działalności finansowej	-	(44)

Signatures of individuals authorized to represent the Company: Elena Belousova

Legal grounds: Art. 56 of the Polish Act of July, 29, 2005, on the public offering, conditions governing the introduction of financial instruments to organised trading system and on public companies, and Art 3. of the Luxembourg Act of 11 January 2008 on transparency obligations of securities issuers, as amended.