Subject:JSW S.A. Management Board's recommendation regarding distribution ofprofit for 2023

Legalbasis:Article17(1) of the Market Abuse Regulation - confidential information

Bodyof the Report:

TheManagement Board of Jastrzębska Spółka Węglowa S.A. [_quot;Company_quot;, _quot;JSWS.A._quot;] hereby reports that on 14 May 2024, taking into account theCompany's overall standing, as well as the provisions of the loanagreements received from the Polish Development Fund [Current Report No.40/2020 and Current Report No. 41/2020] and the rules and regulationsfor applying for participation in the government program _quot;PolishDevelopment Fund's Financial Shield for Large Companies_quot;, it adopted aresolution on a motion to the JSW S.A. Shareholder Meeting regarding thedistribution of the Company's net profit for the financial year ended 31December 2023.

Inaccordance with the adopted resolution, the JSW S.A. Management Boardmoves to the Company's Shareholder Meeting to allocate the Company's netprofit for the financial year ended 31 December 2023 in the amount ofPLN 1,387,200,450.44 [one billion three hundred eighty-seven million twohundred thousand four hundred fifty and 44/100 Polish zloty] for:

-_#160;_#160;_#160;covering the loss arising in _quot;Othercomprehensive income_quot; in the amount of PLN 63,406,411.00 [sixty-threemillion four hundred six thousand four hundred eleven and 00/100 Polishzloty],

_#160;-_#160;_#160;the Company's supplementary capital in theamount of PLN 1,323,794,039.44 [one billion three hundred andtwenty-three million seven hundred and ninety-four thousand thirty-nineand 44/100 Polish zloty].