Grupa Azoty S.A. announces that its subsidiary Grupa Azoty Polyolefins S.A. has received from ORLEN S.A. a formal demand for the immediate repayment of liabilities arising from a loan agreement concluded in March 2025, intended to finance the purchase of propane. The demand was issued following banks accelerating (declaring due and payable) credit facilities.

In line with the Group’s strategic focus on its core fertilizer business and preparations for the potential divestment of GA Polyolefins, Grupa Azoty and Grupa Azoty Police have recognised impairment charges, primarily related to loans granted to Grupa Azoty Polyolefins. These charges follow a review of the financial standing of GA Polyolefins and the preparation of the Group’s 2025 financial statements.

On 30 December 2025, Grupa Azoty Polyolefins filed a statement of claim in arbitration proceedings with the Vienna International Arbitral Centre (VIAC) at the Austrian Federal Economic Chamber against Hyundai Engineering Co., Ltd. The dispute concerns the performance of the contract dated 11 May 2019 for the comprehensive execution of the Polimery Police Project. The claim covers demands with a total value of up to EUR 2.98 billion, arising — in the Company’s view — from the contractor’s failure to perform its contractual obligations, which resulted in the project not being completed.