JSW S.A. — Proxy Solicitation & Information Statement 2026

Apr 29, 2026

Report Content Subject:Recommendationof the JSW S.A. Management Board on covering JSW S.A.'s net loss for thefinancial year ended 31 December 2025

Body of thereport:TheManagement Board of Jastrzębska Spółka Węglowa S.A. ["Company", "JSWS.A."] hereby reports that on April 29, 2026 it adopted aresolution on the motion to the JSW S.A. Shareholder Meeting as tocovering the net loss of Jastrzębska Spółka Węglowa S.A. for thefinancial year ended 31 December 2025.

In accordancewith the adopted resolution, the JSW S.A. Management Board moves to theCompany's Ordinary Shareholder Meeting to cover the net loss ofJastrzębska Spółka Węglowa S.A. for the financial year ended 31 December2025 in the amount of PLN 5,058,932,393.47[five billion fifty-eight million ninehundred thirty-two thousand three hundred ninety-three 47/100 Polishzloty] in full from the Company's supplementary capital.

In addition,the Company hereby reports that the motion in this matter will besubmitted to the Company's Supervisory Board for an opinion inaccordance with Article 382 § 3 of the Commercial Company Code, and thefinal decision in this matter will be made by the Ordinary ShareholderMeeting.

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.