Grupa Azoty Zaklady Azotowe Pulawy : Current Report No. 10/2017 Changes in the Supervisory Board of Grupa Azoty Zakłady Azotowe Puławy S.A.

Subject:Changes in the Supervisory Board of Grupa Azoty Zakłady Azotowe Puławy S.A.

Legal basis: Art. 56.1.2 of the Public Offering Act - current and periodic information

Text of the report: The Management Board of Grupa Azoty Zakłady Azotowe Puławy S.A. (the 'Company') announces that on February 17th 2017, on the basis of resolutions of the Company's Extraordinary General Meeting:
- Mr Janusz Cendrowski, serving as Chairman of the Company's Supervisory Board, and Mr Leszek Lewicki were removed from the Supervisory Board of the 8th term of office,
- Mr Zbigniew Dżugaj and Mr Paweł Mortas were appointed to the Supervisory Board of the 8th term of office,
- Mr Jacek Nieścior, previously serving as Deputy Chairman of the Supervisory Board, was appointed Chairman of the Supervisory Board of the 8th term of office.

Resolutions to appoint and remove members of the Company's Supervisory Board of the 8th term of office, and to appoint the Chairman of the Supervisory Board, took effect on their date.

Mr Paweł Mortas has submitted a representation to the effect that he is not engaged in any activity competing with the Company's business, and that he is not a partner in any competing partnership under civil law or another type of partnership, or a member of a governing body of a corporation or of any other competing legal entity. The representation also contains a statement by Mr Paweł Mortas to the effect that he is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.

Mr Zbigniew Dżugaj has submitted a representation to the effect that he is engaged in activities competing with the Company's business with respect to distribution of electricity and that he is a member of a governing body of a competing corporation as Vice President of the Management Board, Corporate Affairs, at PGE Dystrybucja S.A. The representation also contains a statement by Mr Zbigniew Dżugaj to the effect that he is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.

A brief description of the newly appointed Supervisory Board members' educational background, qualifications, previously held positions and employment record are attached to this current report.

Legal basis: Par. 5.1.21 and 5.1.22 of the Minister of Finance's Regulation on current and periodic information to be published by issuers of securities and conditions for recognition as equivalent of information whose disclosure is required under the laws of a non-member state, dated February 19th 2009 (consolidated text: Dz.U. of 2014, item 133, as amended)

Appendices:
CV_Pawel_Mortas
CV_Zbigniew_Dzugaj