Grupa Azoty Zaklady Azotowe Pulawy : Current Report No. 21/2017 Appointment of Supervisory Board Members for new term of office

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. ('Company') announces that on June 1st 2017, pursuant to resolutions passed by the Company's Annual General Meeting, and in accordance with Art. 55.6) of the Company's Articles of Association, the following persons were appointed to the Supervisory Board of the ninth joint term of office:

1) Mr Grzegorz Mandziarz, as Supervisory Board member appointed by the employees

2) Mr Jacek Wójtowicz, as Supervisory Board member appointed by the employees

3) Mr Maciej Marzec

4) Mr Wiktor Cwynar, PhD

5) Mr Krzysztof Bednarz, PhD.

On the same day, the Company received a statement from the Minister of Development and Finance, acting pursuant to Art. 35.1 of the Articles of Association, on appointment of Mr Jacek Nieścior, as representative of the State Treasury, to the Supervisory Board of the ninth joint term of office. The new term commences on the date of the Annual General Meeting which approves the Company's financial statements for 2016.

The Annual General Meeting appointed Mr Jacek Nieścior to serve as Chairman of the Supervisory Board.

The Management Board further reports that the appointed persons, i.e. Chairman and Members of the Supervisory Board, have submitted representations to the effect that they are not engaged in any activities competing with the Company's business, and that they are not partners in any competing partnership under civil law or another type of partnership, nor members of a governing body of a corporation or of any other competing legal person.

The representations also contain statements that the Chairman and Members of the Supervisory Board of the ninth term of office are not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.

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

Legal basis: Par. 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 GRZEGORZ MANDZIARZ

• CV JACEK NIESCIOR

• CV JACEK WOJTOWICZ

• CV KRZYSZTOF BEDNARZ

• CV MACIEJ MARZEC

• CV WIKTOR CWYNAR