The Management Board of Grupa Azoty S.A. ('the Company') reports that it has been notified, pursuant to Art. 160.1 of the Act on Trading in Securities of July 29th 2005 (consolidated text: Dz. U. of 2014, item 94, as amended), of transactions in Company financial instruments, executed by a person closely related to two members of the Company's Supervisory Board.

According to the notifications, the person executed the following transactions:

• purchase, on November 23th 2015, of 100 Company shares for an average price of PLN 103.20 per share,

• sale, on November 23th 2015, of 89 Company shares for an average price of PLN 103.85 per share,

• purchase, on November 24th 2015, of 577 Company shares for an average price of PLN 100.43 per share,

• sale, on November 24th 2015, of 577 Company shares for an average price of PLN 100.06 per share,

• purchase, on November 25th 2015, of 100 Company shares for an average price of PLN 100.85 per share,

• purchase, on November 26th 2015, of 292 Company shares for an average price of PLN 101.50 per share,

• sale, on November 26th 2015, of 403 Company shares for an average price of PLN 101.70 per share,

• purchase, on November 27th 2015, of 100 Company shares for an average price of PLN 101.00 per share,

• sale, on November 27th 2015, of 100 Company shares for an average price of PLN 101.75 per share.

All of the transactions were executed on the Warsaw Stock Exchange during regular trading sessions.

The notifications are dated November 30th 2015.

The person required to disclose the above information has not consented to the publication of the details specified in Section 2.1.1. of the Regulation of the Minister of Finance on release and disclosure of information on certain transactions in financial instruments and the rules for drawing up and keeping a list of persons having access to certain inside information, dated November 15th 2005.

Legal basis: Art. 160.4 of the Act on Trading in Financial Instruments of July 29th 2005 (consolidated text: Dz. U. of 2014, item 94, as amended).

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