Grupa Azoty Polyolefins, in collaboration with 15 financial institutions, signed an Amendment Agreement to revise the terms of the Stabilization Agreement first established on December 15, 2023. This updated agreement outlines the new conditions for financing the Polimery Police project in Poland, extending the financial support through the Stabilization Agreement period, now set to last until August 30, 2024. The successful renegotiation reflects a continued commitment from the financial institutions to provide essential funding and stability for the project. This extended agreement ensures the ongoing progress and financial backing needed for the project's development, demonstrating robust support from the involved financial partners.

It was agreed that Grupa Azoty S.A. and Grupa Azoty Police, as the primary sponsors, will provide the remaining loan amount, capped at EUR 105 million, to Grupa Azoty Polyolefins. This contribution is to be fulfilled by August 30, 2024, ensuring that the necessary financing is in place for the project's ongoing development. The commitment from the primary sponsors highlights their support and dedication to the successful completion of the project.

The Amendment Agreement to the Stabilization Agreement, effective July 31, was executed with the following financial institutions: Industrial and Commercial Bank of China (Europe) S.A. (Spólka Akcyjna) Poland Branch, Alior Bank S.A., Bank Gospodarstwa Krajowego, Bank Ochrony Srodowiska S.A., Bank Polska Kasa Opieki S.A., European Bank for Reconstruction and Development, Haitong Bank Polska S.A., BNP Paribas Bank Polska S.A., ICBC Standard Bank PLC, mBank S.A., Powszechna Kasa Oszczednosci Bank Polski S.A., Powszechny Zaklad Ubezpieczen S.A., Powszechny Zaklad Ubezpieczen na Zycie S.A., Santander Bank Polska S.A., and PZU Closed Investment Fund of Non-Public Assets BIS 2.

In conclusion, the successful amendment of the Stabilization Agreement reflects a strong commitment from Grupa Azoty Polyolefins and 15 financial institutions to support the Polimery Police project. By extending the financing terms, both parties have demonstrated their dedication to ensuring the project's continued development and financial stability, reinforcing the project's viability and securing its progress.

Grupa Azoty is a prominent leader in the domestic fertilizer market and plays a crucial role in the European fertilizer and chemical industries. It holds the position of the second-largest producer of nitrogen and multi-component fertilizers in the European Union, reflecting its substantial impact on agricultural productivity across the region. Additionally, Grupa Azoty maintains a strong market presence in several key sectors, including the production of melamine, polyamide, OXO alcohols, plasticizers, and titanium dioxide. This diverse range of products highlights the company’s significant influence and operational scope within the chemical industry, reinforcing its strategic importance and competitive edge in both domestic and European markets.