JSW S.A.

AGM Information • Jun 16, 2023

The wording of draft resolutions that were voted on but not adopted

The resolution in the wording proposed by shareholder Mr. Tomasz Gaszyński:

Resolution No. 7

adopted by the Ordinary Shareholder Meeting

of the company doing business as Jastrzębska Spółka Węglowa Spółka Akcyjna

with its registered office in Jastrzębie-Zdrój

on 16 June 2023

to distribute net profit of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2022.

Acting pursuant to Article 395 § 2 Item 2 of the Commercial Company Code of 15 September 2000 and § 26 section 1 item 2 of the Company's Articles of Association, the Ordinary Shareholder Meeting of JSW S.A., hereby resolves to:

• I. Allocate JSW S.A.'s net profit for the financial year 2022 in the amount of PLN 7,115,810,065.95 (seven billion one hundred fifteen million eight hundred ten thousand sixty-five and 95/100 Polish zloty) as follows:
  • a) allocate the amount of PLN 2,268,392,034.72 (two billion two hundred sixty eight million three hundred ninety two thousand thirty four and 72/100 Polish zloty) for a dividend payment to the Company's Shareholders,
  • b) allocate the amount of PLN 4,847,418,031.23 (four billion eight hundred forty seven million four hundred eighteen thousand thirty one and 23/100 Polish zloty) for the Company's supplementary capital.

II. Pay out a dividend in the amount of PLN 2,268,392,034.72 (two billion two hundred sixty eight million three hundred ninety two thousand thirty four and 72/100 Polish zloty) i.e. PLN 19.32 (nineteen Polish zloty thirty two grosz) per share from the Company's net profit for 2022.

III. Set the record date at 6 July 2023 and the dividend payment date at 23 August 2023.

IV. This resolution shall come into force on the date of its adoption.

The outcome of the vote on the resolution taken in an open ballot was as follows:

– total number of valid votes cast: 74,211,965 (1 share = 1 vote), which represents 63.21% of the share capital,

• number of votes cast "in favor" of the resolution: 1,433,450
• number of votes cast "against" the resolution: 64,387,333
• number of votes "abstaining": 8,391,182

The resolution in the wording proposed by shareholder Mr. Bartosz Świderski:

Resolution No. 7

adopted by the Ordinary Shareholder Meeting

of the company doing business as Jastrzębska Spółka Węglowa Spółka Akcyjna with its registered office in Jastrzębie-Zdrój

on 16 June 2023

to distribute net profit of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2022.

Acting pursuant to Article 395 § 2 Item 2 of the Commercial Company Code of 15 September 2000 and § 26 section 1 item 2 of the Company's Articles of Association, the Ordinary Shareholder Meeting of JSW S.A. hereby resolves:

• I. To allocate the net profit of Jastrzębska Spółka Węglowa S.A. for the financial year ended 31 December 2022 in the amount of PLN 7,115,810,065.95 (seven billion one hundred fifteen million eight hundred ten thousand sixty five and 95/100 Polish zloty) for:
  • 1. a dividend payment of PLN 30.30 (thirty and 30/100 Polish zloty) per share, which constitutes PLN 3,557,571,358.80 (three billion five hundred fifty seven million five hundred seventy one thousand three hundred fifty eight and 80/100 Polish zloty),
  • 1. supplementary capital in the amount of PLN 3,558,238,707.15.
• II. The Ordinary Shareholder Meeting sets 31 July 2023 as the record date.
• III. The Ordinary Shareholder Meeting sets 10 August 2023 as the dividend payment date.
• IV. This resolution shall come into force on the date of its adoption.

The outcome of the vote on the resolution taken in an open ballot was as follows:

– total number of valid votes cast: 74,211,965 (1 share = 1 vote), which represents 63.21% of the share capital,

– number of votes cast "in favor" of the resolution: 1,438,000

• number of votes cast "against" the resolution: 64,387,333
• number of votes "abstaining": 8,386,632