This freeze has restricted all corporate and property rights of these entities as shareholders since April 25, 2022. Importantly, the termination of temporary management does not affect Grupa Azoty's operations or its relationships with trade partners in various countries.

The asset freeze is legally binding on all entities involved in asset transactions. Specifically, the freeze on financial assets like Grupa Azoty shares prevents them from being moved, transferred, modified, used or made available. It also prevents any transactions that would alter their size, value, location, ownership, possession, nature, or purpose, or any other modification that would enable their use, including portfolio management.

It is essential to remember that shareholders under asset freeze sanctions cannot receive dividends or exercise rights from their shares during the sanction period.

The notifier's loss of control over the specified shares occurred as a result of the cessation of the notifier's temporary management roles in the Managed Companies, due to the finalization of rulings by the Provincial Administrative Court in Warsaw on January 10 of this year (i.e., the ruling issued in the case of Rainbee Holdings' complaint annulling the decision to establish temporary management, the ruling issued in the case of Norica Holding's complaint annulling the decision to establish temporary management, and the ruling issued in the case of Opansa Enterprises' complaint annulling the decision to establish temporary management).

As a publicly traded company on the Warsaw Stock Exchange, Grupa Azoty S.A. does not directly influence its shareholder structure. Grupa Azoty S.A. adheres to all sanction regulations, condemns Russian aggression and all actions against Ukraine.

The current shareholder structure of Grupa Azoty can be found >>HERE<<