JSW S.A. — Major Shareholding Notification 2025

Dec 8, 2025

Report Content Subject:Shareholderswith at least 5% of votes at the Extraordinary Shareholder Meeting ofJSW S.A. on 8 December 2025

Legal basis:Article70 Item 3 of the Act on Offerings - list of shareholders above 5% of thevotes at the Shareholder Meeting

Body of theReport:

The ManagementBoard of Jastrzębska Spółka Węglowa S.A. ["Company"] hereby announces alist of shareholders holding at least 5% of the total number of votes atthe Extraordinary Shareholder Meeting ["ESM"] of JSW S.A. held on 8December 2025.

Shareholder'sname: State Treasury

Number of votes:64,387,333

Percentage ofvotes at the ESM: 96.34%

Percentage of thetotal number of votes: 54.84%