On May 11th 2019, PDH Polska S.A., a company owned by Grupa Azoty and Grupa Azoty Police, signed a contract for turnkey execution of the Polimery Police project with Hyundai Engineering Co., Ltd, marking a milestone in what is the largest chemical project in years.

Hyundai Engineering Co. Ltd and Korean Overseas Infrastructure & Urban Development Corporation (KIND) are set to invest over PLN 500m in PDH Polska S.A., the company responsible for implementing the Polimery Police project.

Shareholders of Grupa Azoty Police, including Grupa Azoty S.A., complied with the State Treasury’s request to adjourn the General Meeting, citing the need to complete the required analyses.

Grupa Azoty Police has signed a contract that gives it access to low-cadmium phosphate rock deposits until 2021. On February 5th 2019, in Switzerland, a trilateral contract was signed between Grupa Azoty Police as the buyer, Ameropa AG as the seller, and Somiva SA as the producer. The Polish company was represented by Wojciech Wardacki and Włodzimierz Zasadzki, President and Vice-President of the Grupa Azoty Police Management Board.

Grupa Azoty has selected candidates to the second edition of the ‘Ambassador of Grupa Azoty Brand’ programme. The new Ambassadors are: Agnieszka Szymaszek (AGH University of Science and Technology of Kraków), Jakub Sakowski
(West Pomeranian University of Technology of Szczecin), Rafał Pater (Warsaw University of Technology) and Natalia Barteczko (Silesian University of Technology). There are plenty of challenges ahead and a lot of creative work
for the Ambassadors. The best ones will receive attractive awards, including a paid internship at the Grupa Azoty Group.

The Grupa Azoty Group recorded EBITDA of PLN 44m for the third quarter of 2018 on revenue of PLN 2.32bn. EBITDA fell PLN 211m year on year despite revenue having increased almost PLN 130m, which demonstrates that fluctuations
in the Group’s 2018 performance continue to be largely driven by costs. Year-to-date EBITDA came in at PLN 573m, with revenue at PLN 7.2bn and EBITDA margin at 8%, compared with 13.7% for the first nine months of 2017.