The Supervisory Board of Grupa Azoty Polyolefins has passed a resolution to remove Wojciech Blew, Acting President of the Company, from the Management Board, effective October 20. The Supervisory Board also resolved to delegate Krzysztof Kołodziejczyk, a Member of the Supervisory Board of Grupa Azoty Polyolefins and Vice President of the Management Board of Grupa Azoty S.A., to temporarily perform the duties of President of the Management Board of Grupa Azoty Polyolefins. This delegation will last until a candidate is selected through the qualification process, but no longer than three months from the resolution's effective date, October 21.

Grupa Azoty Police has filed a criminal complaint with the Szczecin Regional Prosecutor’s Office concerning the circumstances surrounding its 2018 decision to withdraw from an investment in Senegal. The complaint alleges potential misconduct involving the unjustified and inappropriate transfer of registered shares in African Investment Group SA, valued at 6.6 million FCFA, to DGG Eco sp. z o.o. in 2018. In return, Grupa Azoty Police did not receive the agreed payment of PLN 180 million specified in the agreement with DGG Eco sp. z o.o., resulting in damages estimated at no less than PLN 180 million.

The Management Board of Grupa Azoty has adopted a resolution to integrate companies within its Capital Group that provide business support services, including investment preparation and maintenance. Work is currently underway to finalize the integration schedule and the target organizational model. By the end of November, a dedicated project team will develop an organizational and ownership structure designed to deliver the anticipated business and financial benefits of the integration. This initiative is a key element of the restructuring process aimed at achieving significant cost optimizations.

The funding from the European Climate, Infrastructure and Environment Executive Agency (CINEA) to support the construction of a railway hub and related technical infrastructure as part of the development of railway line no. 437 to the Police Seaport. The total value of the project, managed by the Police Seaport Authority (ZMPP), exceeds EUR 48.3 million. The project aims to improve the port’s accessibility from both land and sea, while also increasing its cargo handling capacity. This initiative aligns with Grupa Azoty's strategic objectives to enhance the business importance of its port infrastructure. The project is expected to be completed by the first quarter of 2028.

Following discussions and negotiations with banks, Grupa Azoty Polyolefins has signed an Amendment to the Stabilization Agreement dated December 15, 2023, related to the financing of the Polimery Police project. This agreement, which extends financing terms until October 31, was signed with 15 financial institutions.

Grupa Azoty’s financial results for Q2 and H1 2024 align with the preliminary results published on August 26, 2024. In H1 2024, the Group achieved consolidated sales revenues of PLN 6.743 billion, with an EBITDA of minus PLN 179 million and an EBITDA margin of minus 2.7%, marking an improvement of nearly PLN 830 million compared to the same period in 2023. The net loss for H1 2024, at PLN 748 million, was reduced by more than PLN 300 million compared to the PLN 1.098 billion loss reported in H1 2023.