Following discussions and negotiations with banks, Grupa Azoty Polyolefins signed an Amendment Agreement on February 29 to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. The parties have agreed on the terms under which the Financial Institutions will provide financing for the project during the next period of the Stabilization Agreement, which extends until March 27. The amendment was signed with 15 financial institutions.

Grupa Azoty S.A. has signed an Amendment to the Agreement dated February 2, 2024, on behalf of itself and the companies within the Grupa Azoty Capital Group. The signing of this document will facilitate the development of a long-term restructuring plan for Grupa Azoty.

At its meeting held on 19 February 2024, the Supervisory Board of Grupa Azoty S.A. made changes to the composition of the Company’s Management Board.

On February 14, 2024, Mr. Dariusz Smoliński resigned from the Supervisory Board and from his role as a Vice-chairman of the Supervisory Board of Grupa Azoty Polyolefins S.A.

On February 14, 2024, Mr. Grzegorz Kądzielawski resigned from the Supervisory Board and from his role as a Chairman of the Supervisory Board of Grupa Azoty Polyolefins S.A. On February 14, 2024, Mr. Marek Wadowski resigned from his membership in the Management Board and from his role as a Vice-president of the Management Board of the Company Grupa Azoty Polyolefins S.A.

On 14 February 2024, the Extraordinary General Meeting of Grupa Azoty S.A. decided to change the composition of the Company’s Supervisory Board. The resolutions on removal and appointment of Supervisory Board Members, as well as on appointment of the Chair of the Supervisory Board, came into effect upon adoption.