Current Report 9/2015 - Removal of holders of joint commercial powers of attorney and Management Board members, and appointment of management staff − Commercial Proxies

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 March 20th 2015 it passed a resolution to remove holders of joint commercial powers of attorney and Management Board members, Ms Anna Gol and Mr Hubert Kamola.
At the same time, the Company's Management Board granted joint commercial power of proxy (to act jointly with other commercial proxies) to Ms Anna Gol, Mr Hubert Kamola and Mr Ryszard Bartczak. This resolution shall become effective as of its date.

According to their submitted representations, the proxies specified above are not engaged in any activities competing with the Company's business, nor are they partners in any competing partnerships under civil law or partnerships of any other type, nor members of governing bodies of any corporation or of any other competing legal person.

Further, the proxies are not entered in the Register of Insolvent Debtors maintained under the National Court Register Act.

Brief descriptions of the newly appointed proxies' educational background, qualifications, previously held positions and employment history 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).

Anna Gol

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