Grupa Azoty : Current Report No. 50/2019 of September 19th 2019

Legal basis: Article 17(1) of MAR - Inside information

Further to Current Report No. 47/2019 of August 26th 2019, the Management Board of Grupa Azoty S.A. (the 'Company') announces that in connection with a decision to resume the process of secondary public offering (the 'SPO') of shares in the subsidiary Grupa Azoty Zakłady Chemiczne Police S.A. (the 'Subsidiary'), on September 3rd 2019 the Supervisory Board of the Subsidiary passed a resolution expressing an opinion on the proposed share capital increase and amendments to the Subsidiary's Articles of Association.

The proposed share capital increase will be effected through the SPO in an amount of up to PLN 1,100,000,000 (one billion, one hundred million złoty), addressed to existing shareholders of the Subsidiary (pre-emptive rights). The proposed share capital increase should be effected by the end of 2019.

Information on the SPO milestones will be announced by the Company in separate current reports.

Legal basis: Article 17(1) of MAR (Regulation (EU) 596/2014 of the European Parliament and of the Council of April 16th 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (OJ EU of June 12th 2014, No. L 173/1, as amended).