ANNUAL REPORT 2020

Železiarne Podbrezová a.s. ANNUAL REPORT 2020 43 The members of the Supervisory Board had adequate access to information related to the supervision over the actions of the Board of Directors and business activities. They were informed about all important decisions being prepared. Several members of the Supervisory Board regularly attended meetings of the Board of Directors. As a result, the Supervisory Board was receiving up-to-date information on the economic activities and financial situation of the Company and the balance of its assets, liabilities and receivables. Theoutcomeof theSupervisoryBoard’s supervisory activities is the conclusion that the Company’s business activities in 2020 were performed in accordance with the legal regulations, the Company’s Articles of Association and the General Meeting’s instructions. The members of the Board of Directors acted within the scope of their powers with professional diligence and in line with the interests of the Company and all its shareholders. We have undoubtedly survived one of the most difficult years. The Supervisory Board appreciates that the Board of Directors was able to secure sufficient orders and maintain employment even in such difficult conditions. The Supervisory Board also appreciates that it was not necessary to significantly limit long-term planned investments during this very challenging period. The Supervisory Board examined the separate and consolidated financial statements for the reporting period ended 31 December 2020, audited by Deloitte Audit s.r.o., and identified no irregularities. It recommends that the General Meeting approve both financial statements. The Supervisory Board recommends that the General Meeting approve the proposal of the Board of Directors to settle the loss for 2020. The Supervisory Board recommends that the General Meeting approve Deloitte Audit s.r.o., SKAu licence No. 014, to audit the financial statements for the period starting on 1 January 2021. In Podbrezová, 17 June 2021 Ing. Ján Banas Chairman of the Supervisory Board REPORT ON THE ACTIVITIES OF THE SUPERVISORY BOARD IN 2020