ANNUAL REPORT 2021

Annual report 2021 Železiarne Podbrezová a.s. 14 15 Insured Assets Type of insurance Name and seat of the insurance company Insured amount Set of immovable assets Against all risks Allianz - Slov. poisťovňa, a.s., Bratislava 307 146 526 Set of movable assets Against all risks Allianz - Slov. poisťovňa, a.s., Bratislava 309 500 577 Acquisition of new non - current tangible assets Against all risks Allianz - Slov. poisťovňa, a.s., Bratislava 2 000 000 6 INTANGIBLE ASSETS Software Assets under construction Total Cost At 1 January 2021 594 732 80 242 674 974 Additions - - - Disposals - - - Transfers 80 242 (80 242) - At 31 December 2021 674 974 - 674 974 Accumulated amortisation At 1 January 2021 590 544 - 590 544 Amortisation 9 561 - 9 561 Disposals - - - At 31 December 2021 600 105 - 600 105 Carrying amount At 1 January 2021 4 188 80 242 84 430 At 31 December 2021 74 869 - 74 869 7 INVESTMENTS IN SUBSIDIARIES AND ASSOCIATES The investments in subsidiaries and associates comprise the following ownership interests: 31 December 2021 31 December 2020 Investments in subsidiaries ŽP Informatika s.r.o. 1 034 078 1 034 078 Transformaciones Metalurgicas, S.A.U. (TRANSMESA) 16 980 734 16 980 734 ŽP - Gastroservis, s.r.o. 1 000 000 1 000 000 ŽP EKO QELET a.s. 26 924 835 26 924 835 UHL s.r.o. 2 073 107 - Pipex Deutschland GmbH 130 722 130 722 UHL Holding a.s. - 1 377 226 Tále, a.s. 16 394 480 16 394 480 FK Železiarne Podbrezová a.s. 318 035 - ŠK Železiarne Podbrezová a.s. 330 306 330 306 SLOVRUR Sp. z o. o. 711 774 711 774 ZANINONI SLOVAKIA s.r.o. 984 965 984 965 ŽP VVC s.r.o. 33 194 33 194 PIPEX ITALIA S.p.A. 320 124 320 124 ŽIAROMAT a.s. 4 843 951 4 843 951 ŽP Bezpečnostné služby s.r.o. 200 000 200 000 KBZ s.r.o. 3 649 286 3 649 286 ŽP Rehabilitácia s.r.o. 150 000 150 000 ŽP Trade Bohemia, a.s. 1 779 595 1 779 595 Subsidiaries, total 77 859 186 76 845 270 Investments in associates TOM - FERR Zrt. 2 032 232 2 032 232 FK Železiarne Podbrezová a.s. - 202 499 Total associates 2 032 232 2 234 731 Provision for associates - (148 424) Total, net 79 891 418 78 931 577 In 2021, the Company acquired a 100% share in UHL s.r.o. by a merger with its subsidiary, UHL Holding a.s. A subsequent capitalisation of receivables from UHL s.r.o. increased the value of this investment to EUR 2 073 thousand. The Company disposed of financial investments in UHL Holding a.s. due to the above merger. The Company purchased a 20% share in FK Železiarne Podbrezová a.s. in the amount of EUR 116 thousand. A provision for investments in TOM - FERR and FK Železiarne Podbrezová a.s. in the amount of EUR 148 thousand was cancelled in 2021. The Company sold its share in STABILITA, d.d.s., a.s. in the amount of EUR 94 thousand recognised as at 31 December 2020 as Available - for - sale investments. NOTES TO THE SEPARATE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (IN EUROS)