Imposition of the sanctions, including the national sanctions, on Viatcheslav Kantor and his related parties named above does not result in any sanctions against Grupa Azoty S.A.

Mr Kantor and his related parties named above are minority shareholders of Grupa Azoty S.A. Mr Kantor holds indirectly 19.82% of Company shares through his related parties named above. Mr Kantor does not have and has never had control over the Company because:

• he does not hold a sufficient number of shares in the Company;
• he does not hold the right to appoint members of the Management Board or any other governing bodies;
• he does not meet any other criteria of control over the Company.

No criteria for the imposition, whether directly or indirectly, of any sanctions against Grupa Azoty S.A. have been met, either. The grounds for the sanctions are precisely defined in EU and national legislation and are related to Russia’s aggression against Ukraine, actions that undermine Ukraine’s territorial integrity, sovereignty, independence, stability or security, or to special relations with the government of the Russian Federation.

Grupa Azoty S.A. observes all sanction regulations, condemns Russia’s aggression and any actions against Ukraine and has no relations with the government of the Russian Federation. Therefore, there is no risk of imposition of any sanctions against the Company.

Moreover, there are no grounds for changing the manner in which the Company enters into transactions with entities from the EU, the US or other countries.

As a company admitted to trading and listed on the Warsaw Stock Exchange, Grupa Azoty S.A. has no direct influence on the shareholding structure or investment decisions made by shareholders. Any capital market participant may trade in Company shares on the Warsaw Stock Exchange, subject to applicable laws and regulations.

Press release updated on July 30th 2024.