Press Release Warsaw, June 9Th 2021 Plan to Discontinue Grupa Azoty's

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Press release Warsaw, June 9th 2021 Plan to discontinue Grupa Azoty’s POM business On June 9th, the Management Board of Grupa Azoty S.A. made a decision regarding planned discontinuation of its POM business. The decision was prompted by the conclusion that the POM business would not be economically viable in the foreseeable future. The planned discontinuation of POM production will reduce the Company’s total CO2 emissions. The decision to exit the POM business will have no impact on any other operations of the Plastics Segment. A thing to note is that consolidated revenue from external sales of POM products in 2020 amounted to PLN 54.1m, accounting for just 0.5% of the Grupa Azoty Group’s total revenue. The plan is for the Company to exit the polyoxymethylene business not later than till August 31st 2021. * * * The Grupa Azoty Group is the undisputed leader of the fertilizer market domestically and a key player of the fertilizer and chemical industry in Europe. It is the second largest EU-based manufacturer of nitrogen and compound fertilizers, also enjoying a strong position on the markets of melamine, caprolactam, polyamide, oxo alcohols, plasticizers and titanium white. Capital investment projects are an important pillar of the Grupa Azoty Group’s strategy, and Polimery Police, implemented by special purpose vehicle Grupa Azoty Polyolefins, is the Group’s largest project. Polimery Police is among the largest projects in the Polish and European chemical industries. It will help diversify the Grupa Azoty Group’s business activities and improve Poland’s position among plastics manufacturers and strengthen its independence in terms of energy and raw material supplies. .

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