ANNUAL REPORT 2021

Annual report 2021 Železiarne Podbrezová a.s. 34 ŽP – Gastroservis, s.r.o. The company produces fresh, refrigerated and frozen meals, and provides comprehensive catering services for the parent company’s employees, a number of subsidiaries and external customers. In 2021, the company supplied 87% of prepared meals to Group companies. In 2021, the company sold products, services and merchandise totalling EUR 2 669 thousand, which is at a similar level to 2020 and reflects the limited catering required by employees and external entities during the pandemic. The company reported a loss after tax of almost EUR 10 thousand. The company’s equity as at 31 December 2021 amounted to EUR 1 017 thousand, which is 74% of the asset coverage. FK Železiarne Podbrezová a.s. The company took over the activities of the former ŽP Šport, a.s. and its primary task is to run the professional football club and youth teams. FK Železiarne Podbrezová focuses on developing Slovak youth football talents by training them in its U-8 to U-19 youth teams. The best talents are given the opportunity to play in the professional A-team. Several of our youth players also play for Slovak national age group teams. Our youth teams have football academy status. In the 2019/2020 season, the A-team was relegated to the 2nd league from the top flight after 6 years. After the 2020/2021 season, when FK Železiarne Podbrezová finished in 4th place, organisational changes took place in 2021. A new coach was appointed and the goal for the 2021/2022 season was promotion to the top Slovak football league. Before the winter break, the team was in 1st place and were promoted to the first league for the 2022/2023 season. In July 2021, the parent company purchased 20% of the shares from a company shareholder, increasing its share in the share capital and voting rights to 55%. In 2021, the company posted revenues from the sale of merchandise and services totalling EUR 969 thousand and reported a loss of EUR 104 thousand. The company’s equity as at 31 December 2021 amounted to EUR 189 thousand, which is approx. 46% of the asset coverage. ŠK Železiarne Podbrezová a.s. The company is the second successor company of ŽP Šport, a.s. The minority shareholders include the municipality of Podbrezová and the civic association, Telovýchovná jednota ŽP Šport Podbrezová. The company operates a professional bowling club and youth cross-country skiing, cycling and downhill skiing teams. In the 2020/2021 season, the bowling interleague was suspended due to the pandemic and the results were annulled. In the Bowling World Cup held in Croatia in October 2021, our bowlers finished 3rd in the team competition. The Champions League was not played in the 2020/2021 season due to the cancellation of the 2020 World Cup. The Podbrezová team qualified for the Champions League in the 2021/2022 season. In 2021, the company posted revenues totalling EUR 406 thousand and reported a profit of EUR 20 thousand. The company’s equity as at 31 December 2021 amounted to EUR 432 thousand, which is 85% of the asset coverage. REPORT BY THE BOARD OF DIRECTORS ON BUSINESS ACTIVITIES, ASSETS AND FINANCIAL PERFORMANCE IN 2021 AND INFORMATION ON THE BUSINESS PLAN