During the session on March 13, 2024, the Extraordinary General Meeting of Grupa Azoty S.A. did not pass a resolution regarding Solarfarm Brzezinka. The failure to pass the resolution by the Extraordinary General Meeting was preceded by a negative recommendation from the Supervisory Board of Grupa Azoty S.A. concerning the acquisition of 100% shares in Solarfarm Brzezinka.

Grupa Azoty has released estimated production volumes for February 2024. The data shows an increase in nitrogen fertilizer production within the Capital Group companies compared to January – estimated volumes for February are 252,000 tons compared to 199,000 tons in January. There was also an increase in multi-component fertilizers – estimated volumes for February are 57,000 tons compared to 48,000 tons in January. For specialty fertilizers, estimated production volumes in February are 26,000 tons compared to 25,000 tons in January.

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.