Grupa Azoty Zaklady Azotowe Pulawy : Current Report No. 27/2016

Subject: Removal and appointment of Supervisory Board member

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

Text: The Management Board of Grupa Azoty Zakłady Azotowe Puławy S.A. (the 'Company') announces that the Company has received a statement from Minister - Member of the Council of Ministers standing in for the Minister of State Treasury, on the removal of Mr Jakub Troszyński from the Company's Supervisory Board of the 8th joint term of office, in accordance with Art. 35.1 of the Company's Articles of Association, with effect from November 3rd 2016, and on appointment of Mr Jacek Nieścior to the Company's Supervisory Board, with effect from the same date.

Mr Jacek Nieścior's education, qualifications, previously held positions, and employment history:

Education
since 1995 − legal counsel
1991-1994 − legal counsel apprenticeship at the Regional Chamber of Legal Counsels of Olsztyn
1986-1991 − University of Gdańsk, Faculty of Law and Administration

Employment history
since September 2003 − owner of Legal Counsel's Office
February 2003-September 2003 − the Marshall's Office of Warsaw: Director and Adviser to Antoni Pietkiewicz, Vice Marshall

February 1999-September 2001 − Warsaw Provincial Office: Head of the Office of Antoni Pietkiewicz, Governor of the Province of Warsaw
June 1995-February 1999 − Office of the Capital City of Warsaw
September 1992-June 1995 − Supreme Audit Office in Warsaw: Political Cabinet of Professor
Lech Kaczyński, President of the Supreme Audit Office
April 1991-September 1992 − Municipal Office of Pułtusk

Supervisory Board membership in 1999-2001:
Grodziskie Zakłady Farmaceutyczne POLFA Sp. z o.o. of Grodzisk Mazowiecki
DIPSERVICE w Warszawie S.A.
Stołeczne Przedsiębiorstwo Handlu Wewnętrznego Sp. z o.o.
Huta Lucchini Warszawa Sp. z o.o.

The Management Board further announces that Mr Nieścior has submitted a representation to the effect that he is not engaged in any activities 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, nor a member of a governing body of a corporation or of any other competing legal person.

The representation also contains a statement that Mr Nieścior is not entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register.

Legal basis: Par. 5.1.21 and 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)