Zaklady Azotowe Pulawy S A : CURRENT REPORT 3/2021/DP

Current Report No. 3/2021 submitted via the EBI system of the Warsaw Stock Exchange

Company: Grupa Azoty Zakłady Azotowe Puławy Spółka Akcyjna

Date: October 15th 2021

Market types: CORPORATE GOVERNANCE − regulated market

Subject: Isolated case of non-compliance with Principle 4.9.1. of Best Practice for WSE Listed Companies 2021

Contents: Pursuant to Section 29.3a of the Rules of the Warsaw Stock Exchange, Grupa Azoty Zakłady Azotowe PUŁAWY Spółka Akcyjna hereby discloses information about an isolated case of non-compliance with Best Practice 2021.

The Management Board of Grupa Azoty Zakłady Azotowe Puławy S.A. (the "Company") announces that on October 15th 2021, i.e. during the adjournment of the Extraordinary General Meeting (the "EGM"), which is to be resumed on October 19th 2021, Krzysztof Majcher and Marcin Szewczak, PhD, were put forward as candidates for the positions of Supervisory Board members. The Extraordinary General Meeting, which had been convened for October 5th 2021, was adjourned to enable one of the candidates to submit a complete set of application documents as required under applicable laws and regulations, corporate standards, and the Best Practice for WSE Listed Companies 2021. On October 14th 2021, two Supervisory Board members tendered their resignations.

GENERAL MEETING, SHAREHOLDER RELATIONS

4.9.1. candidates for members of the supervisory board should be nominated with a notice necessary for shareholders present at the general meeting to make an informed decision and in any case no later than three days before the general meeting; the names of candidates and all related documents should be immediately published on the company's website;

The failure to nominate the candidates in compliance with this principle is an isolated incident.

The Company's comment on the said isolated case of non-compliance:

Although the candidates for Supervisory Board members were put forward later than three days prior to the date of the Extraordinary General Meeting, which

convened on October 5th 2021, their nominations were submitted three days prior to the resumption of the General Meeting following its adjournment.

In the last two years there have been no other isolated cases of non-compliance with the invoked principle: Since the effective date of the Best Practice for WSE Listed Companies 2021, i.e. July 1st 2021, there have been no other isolated cases of non-compliancewith Principle 4.9.1.

For the Company

Tomasz Hryniewicz - President of the Management Board …………………………………………

Adam Lesiński - Vice President of the Management Board …………………………………………