Current report no 11 Unaudited stand alone financial report for FY2021

Unaudited non-consolidated annual financial report for FY2021

Current report no. 11/2021

Dated October 29, 2021

The Board of Directors of Coal Energy S.A. (the "Company") hereby releases unaudited non-consolidated(stand-alone) annual financial report of the Coal Energy S.A for FY2021, ended 30th June 2021.

The unaudited non-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 Company will duly inform the capital market participants about any developments and decisions regarding this matter.

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

Signatures of individuals authorized to represent the Company:

Elena Belousova

Legal grounds: Art. 56 of the Polish Act of 29 July 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.