Following discussions and negotiations with banks, Grupa Azoty Polyolefins signed an Amendment Agreement on February 29 to the Stabilization Agreement dated December 15, 2023, regarding the financing of the Polimery Police project. The parties have agreed on the terms under which the Financial Institutions will provide financing for the project during the next period of the Stabilization Agreement, which extends until March 27. The amendment was signed with 15 financial institutions.

Grupa Azoty S.A. has signed an Amendment to the Agreement dated February 2, 2024, on behalf of itself and the companies within the Grupa Azoty Capital Group. The signing of this document will facilitate the development of a long-term restructuring plan for Grupa Azoty.

Grupa Azoty Polyolefins S.A. reports that on February 27, 2024, controlled hydrocarbon flaring occurred at the Polimery Police project site. Increased flare activity is characterized by a visible light effect from a distance and may also produce a sound effect. In some cases, black smoke may be visible in addition to the flame. The formation of black smoke is due to an insufficient amount of added steam, preventing its formation, during a sudden larger, temporary, unforeseen (emergency) influx of hydrocarbons to the flare. This lasts for a few minutes until the appropriate amount of steam is added. During normal operation, when there is a stable or planned release of hydrocarbons, steam is added simultaneously or in advance, preventing the formation of black smoke.

The Supervisory Board of Grupa Azoty S.A. has announced the qualification process for the positions of President of the Management Board, Member of the Management Board for Finance, Member of the Management Board for Development and Restructuring, Member of the Management Board for the Agro and Chemicals Segment, Member of the Management Board for Plastics and Polymers Segment, and Member of the Management Board for Energy.

Grupa Azoty and the Faculty of Environmental and Power Engineering at Cracow University of Technology have signed a framework cooperation agreement. This partnership aims to establish a long-term collaboration in scientific and technical work and education, particularly in fields related to sustainable development.

On 19 February 2024, the Supervisory Board of Grupa Azoty S.A. changed the composition of Grupa Azoty S.A.’s Management Board. It passed a resolution to delegate Krzysztof Kołodziejczyk, Member of the Grupa Azoty S.A. Supervisory Board, to perform the duties of President of the Management Board. The new Management Board of Grupa Azoty S.A. presents the most important challenges and goals to be met.