On 2 March 2026, the Supervisory Board of Grupa Azoty appointed the new Management Board for the Company’s 13th term, appointing Marcin Celejewski as President of the Management Board and Małgorzata Królak as Vice President. At the same time, Aleksandra Machowicz-Jaworska, Deputy Chair of the Supervisory Board, was delegated to act temporarily as Vice President of the Management Board for a period of up to three months. The new leadership is launching a phase of fundamental organizational renewal of Grupa Azoty—one of the key players in the European fertilizer and chemicals market—focused on restoring financial stability, maximizing the efficiency of industrial assets, and steering the business towards segments with the highest growth potential.

GA Polyolefins is consistently implementing its corrective action timetable, bringing the company closer to finalising key capital processes. In line with the adopted schedule, a restructuring plan together with arrangement proposals has been submitted to the National Register of Debtors (Krajowy Rejestr Zadłużonych, KRZ). This documentation, made available to creditors as part of the restructuring approval procedure, constitutes a necessary step towards financial stabilisation and the successful completion of the transaction with ORLEN.

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.

Grupa Azoty has submitted a counteroffer regarding the acquisition by ORLEN of shares in Grupa Azoty Polyolefins S.A. (GAP). The value of the counteroffer is identical to ORLEN’s offer and amounts to PLN 1.022 billion. The counteroffer remains valid until 28 March 2026 and—like ORLEN’s offer—assumes completion of the transaction by 30 June 2026.