Grupa Azoty Polyolefins and Orlen have signed a working capital financing agreement for an amount not exceeding USD 28 million to finance the purchase of propane by Grupa Azoty Polyolefins. The agreement sets out the terms of this financing and the repayment conditions. Propane is used in the Polimery Police plant for the production of propylene.

The Supervisory Board has confirmed the validity of the election process for the candidate selected by the Company's employees to serve as a Member of the Management Board for the 13^th term. The election took place from January 27 to February 11, 2025. Following this confirmation, on February 27, 2025, the Supervisory Board appointed Mr. Artur Babicz as a Member of the Management Board, with his term commencing on March 1, 2025.

Grupa Azoty Polyolefins has extended the validity of the Stabilization Agreement dated December 15, 2023, with subsequent amendments, concerning the financing of the Polimery Police project. Consequently, the terms under which Financial Institutions provide financing for the Project will remain in effect for the extended period of the Stabilization Agreement, i.e., until March 31 of this year.

The Grupa Azoty Management Board has approved a resolution that preliminarily adopts a concept for integrating logistics operations within the Grupa Azoty Capital Group. In the coming steps, a dedicated team will develop the final integration model, exploring opportunities to centralize logistics functions.

Following extensive discussions and negotiations with various banks, Grupa Azoty Polyolefins has signed an Amendment to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. As a result, the parties have agreed to extend the Stabilization Agreement until February 28, 2025. The Amendment was executed with 15 financing institutions.

Under the Agreement signed on January 16, 2024, Grupa Azoty and Orlen will continue to work together to determine the terms and conditions of a potential transaction in which Orlen - or another entity designated by Orlen - would acquire all or part of the shares in Grupa Azoty Polyolefins currently held by Grupa Azoty, or otherwise execute the investment. The Parties have decided that negotiations on the terms of Orlen’s potential acquisition of Grupa Azoty Polyolefins, as well as an analysis of the potential transaction (including due diligence), will be carried out by March 31, 2025. This deadline may be extended or amended without altering the Agreement.