OKLADKAGrupa Azoty is:

Grupa Azoty

Grupa Azoty represents the pinnacle of

the Polish chemical industrys long evolution.

Currently Polands largest, and one of

Europes major chemical industry players,

Grupa Azoty offers a wide range of popular

fertilizers, plastics, OXO alcohols, plasticisers,

and pigments. Its product portfolio also

includes caprolactam, melamine and other

chemicals, and its innovative technological

solutions are implemented across the world.

Grupa Azoty. Shaping the future.

The new face of Polish chemistry

Powering Creation

Structure of Grupa Azoty

Over the last fi ve years, Grupa Azoty S.A. has pursued a strategy of consolidation of the Polish chemical industrys most valuable assets. The fruits of its labour lie in the successful bringing together of a range of companies with complementary business profi les, each representing diff erent traditions and specialist capabilities, under one, strong brand.

* Grupa Azoty PKCH Sp. z o.o. shares held by Grupa Azoty S.A. and Grupa Azoty ZAK S.A.

** ZAKSA S.A. shares held by Grupa Azoty ZAK S.A. (91.67%) and CTL Chemkol Sp. z o.o. (0.783%) *** EKOTAR sp. z o.o. shares held by Grupa Azoty JRCH sp. z o.o.

and Grupa Azoty PROREM sp. z o.o. (12% each)**** NAVITRANS sp. z o.o. shares held by Grupa Azoty S.A., Grupa Azoty Zakady Azotowe Puawy S.A. and Batycka Baza Masowa sp. z o.o.

These include the four major companies of the so-called Great Chemical Synthesis sector in Poland, located in Tarnw, Kdzierzyn-Kole, Police and Puawy (along with plants in Gdask and Chorzw).

Structure as at September 30th 2014

Grupa Azoty S.A.

Grupa Azoty Kopalnie i Zakady Chemiczne Siarki Siarkopol S.A.

85,00%

Grupa Azoty ATT Polymers GmbH

100%

Grupa Azoty KOLTAR sp. z o.o.

100%

Grupa Azoty Zakady Azotowe Kdzierzyn S.A.

93.48%

Automatika Usugi Kontrolno-Pomiarowe

sp. z o.o. 100%

Grupa Azoty AUTOMATYKA

sp. z o.o. 79.69%

Hotel CENTRALNY sp. z o.o.

in liquidation 100%

KONCEPT sp. z o.o.

100%

Grupa Azoty Jednostka Ratownictwa Chemicznego sp. z o.o.

100%

ZAKSA S.A.91.67%**

REMECH Grupa Inwestycyjno-Remontowa sp. z o.o.

100%

Grupa Azoty PROREM sp. z o.o.

100%

CTL CHEMKOL sp. z o.o.

49%

TRANSTECH Usugi Sprztowo-

Transportowe sp. z o.o. 100%

Konsorcjum EKO TECHNOLOGIES

60%

Grupa Azoty Polskie Konsorcjum Chemiczne sp. z o.o.

36.73%*

Supra Agrochemia sp. z o.o.

100%

Zarzd Morskiego Portu Police sp. z o.o.

99,97%

EKOTAR sp. z o.o.12%***

EKOTAR sp. z o.o.12%***

INFRAPARK Police S.A. in liquidation

54.43%

African Investment Group S.A.

55%

Budchem sp. z o.o. w upadosci

likwidacyjnej 48.96%

KEMIPOL sp. z o.o.33.99%

Grupa AzotyAfrica S.A.

100%

Grupa Azoty Zakady Azotowe

Puawy S.A. 95.98%

Grupa Azoty Zakady Chemiczne

Police S.A. 66%

Grupa Azoty Polskie Konsorcjum Chemiczne sp. z o.o.

63.27%*

Agrochemsp. z o.o.

100%

Agrochem Puawysp. z o.o.

100%

Unibaltic Agro Sp. z o.o.

100%

SCF Natural sp. z o.o. 99.99%

GZNF Fosfory sp. z o.o.98.43%

STO-ZAPsp. z o.o. 96.15%

REMZAP sp. z o.o 94.61%

Zakad Opieki Zdrowotnej Medical

sp. z o.o. 91.41%

Zakady Azotowe Chorzw S.A.

85%

PROZAPsp. z o.o. 84.69%

NAVITRANS sp. z o.o.

26.45%****

NAVITRANS sp. z o.o.

26.45%****

Batycka Baza Masowa sp. z o.o.

50%

Elektrownia Puawy sp. z o.o.

50%

CTL KOLZAP sp. z o.o.

49%

NAVITRANS sp. z o.o.

26.45%****

TECHNOCHIMSERWIS S.A. typu zamknitego

25%

AFRIG Trade SARL100%

Grupa Azoty Compounding Sp. z o.o. 100%

Grupa Azoty Folie Sp. z o.o.

100%

The headcount at Grupa Azoty as at December 31st was 13 879.

Structure of Grupa Azoty

Over the last fi ve years, Grupa Azoty S.A. has pursued a strategy of consolidation of the Polish chemical industrys most valuable assets. The fruits of its labour lie in the successful bringing together of a range of companies with complementary business profi les, each representing diff erent traditions and specialist capabilities, under one, strong brand.

* Grupa Azoty PKCH Sp. z o.o. shares held by Grupa Azoty S.A. and Grupa Azoty ZAK S.A.

** ZAKSA S.A. shares held by Grupa Azoty ZAK S.A. (91.67%) and CTL Chemkol Sp. z o.o. (0.783%) *** EKOTAR sp. z o.o. shares held by Grupa Azoty JRCH sp. z o.o.

and Grupa Azoty PROREM sp. z o.o. (12% each)**** NAVITRANS sp. z o.o. shares held by Grupa Azoty S.A., Grupa Azoty Zakady Azotowe Puawy S.A. and Batycka Baza Masowa sp. z o.o.

These include the four major companies of the so-called Great Chemical Synthesis sector in Poland, located in Tarnw, Kdzierzyn-Kole, Police and Puawy (along with plants in Gdask and Chorzw).

Structure as at September 30th 2014

Grupa Azoty S.A.

Grupa Azoty Kopalnie i Zakady Chemiczne Siarki Siarkopol S.A.

85,00%

Grupa Azoty ATT Polymers GmbH

100%

Grupa Azoty KOLTAR sp. z o.o.

100%

Grupa Azoty Zakady Azotowe Kdzierzyn S.A.

93.48%

Automatika Usugi Kontrolno-Pomiarowe

sp. z o.o. 100%

Grupa Azoty AUTOMATYKA

sp. z o.o. 79.69%

Hotel CENTRALNY sp. z o.o.

in liquidation 100%

KONCEPT sp. z o.o.

100%

Grupa Azoty Jednostka Ratownictwa Chemicznego sp. z o.o.

100%

ZAKSA S.A.91.67%**

REMECH Grupa Inwestycyjno-Remontowa sp. z o.o.

100%

Grupa Azoty PROREM sp. z o.o.

100%

CTL CHEMKOL sp. z o.o.

49%

TRANSTECH Usugi Sprztowo-

Transportowe sp. z o.o. 100%

Konsorcjum EKO TECHNOLOGIES

60%

Grupa Azoty Polskie Konsorcjum Chemiczne sp. z o.o.

36.73%*

Supra Agrochemia sp. z o.o.

100%

Zarzd Morskiego Portu Police sp. z o.o.

99,97%

EKOTAR sp. z o.o.12%***

EKOTAR sp. z o.o.12%***

INFRAPARK Police S.A. in liquidation

54.43%

African Investment Group S.A.

55%

Budchem sp. z o.o. w upadosci

likwidacyjnej 48.96%

KEMIPOL sp. z o.o.33.99%

Grupa AzotyAfrica S.A.

100%

Grupa Azoty Zakady Azotowe

Puawy S.A. 95.98%

Grupa Azoty Zakady Chemiczne

Police S.A. 66%

Grupa Azoty Polskie Konsorcjum Chemiczne sp. z o.o.

63.27%*

Agrochemsp. z o.o.

100%

Agrochem Puawysp. z o.o.

100%

Unibaltic Agro Sp. z o.o.

100%

SCF Natural sp. z o.o. 99.99%

GZNF Fosfory sp. z o.o.98.43%

STO-ZAPsp. z o.o. 96.15%

REMZAP sp. z o.o 94.61%

Zakad Opieki Zdrowotnej Medical

sp. z o.o. 91.41%

Zakady Azotowe Chorzw S.A.

85%

PROZAPsp. z o.o. 84.69%

NAVITRANS sp. z o.o.

26.45%****

NAVITRANS sp. z o.o.

26.45%****

Batycka Baza Masowa sp. z o.o.

50%

Elektrownia Puawy sp. z o.o.

50%

CTL KOLZAP sp. z o.o.

49%

NAVITRANS sp. z o.o.

26.45%****

TECHNOCHIMSERWIS S.A. typu zamknitego

25%

AFRIG Trade SARL100%

Grupa Azoty Compounding Sp. z o.o. 100%

Grupa Azoty Folie Sp. z o.o.

100%

Business profiles of Grupa Azotys key companies

Grupa Azoty S.A.

Grupa Azoty S.A.s product range consists mainly of engineering plastics and nitrogen fertilizers. This Tarnw-based company is the only Polish producer of polyacetal, and a leading producer of modified engineering plastics based on polyamide-6, polyacetal and other compounds. Its products include caprolactam, polyacetal and polyamide-6, of which it is an integrated producer. Another important part of its activity lies in production of nitrogen fertilizers (nitro-chalk and ammonium nitrate), and especially sulfur fertilizers (Saletrosan and ammonium sulfate), for which the company is the largest manufacturer in Poland. Grupa Azoty S.A. also sells chemicals (such as cyclohexanone and nitrates) and catalysts, and provides state-of-the-art laboratory services.

Grupa Azoty Police

Grupa Azoty Police is a producer of compound and nitrogen fertilizers (including Polifoska and urea), pigments and chemicals. The company also provides laboratory services.

However, Grupa Azoty Polices key segment is the manufacture and marketing of organic and inorganic chemicals, including ammonia and NOXy (32.5% water/urea solution, obtained from technically pure urea and demineralised water). It is also the only domestic manufacturer supplying titanium white (Tytanpol) to the Polish and international markets.

Grupa Azoty Puawy

Grupa Azoty Puawy is a manufacturer of nitrogen fertilizers, including urea, ammonium nitrate and the RSM and RSMS liquid fertilizers, of which it is the sole manufacturer in Poland. In the north of the country, its Gdask-based subsidiary GZNF Fosfory produces compound NPK fertilisers.

Grupa Azoty Puawy also specialises in the production of melamine (for which it is also the sole manufacturer in Poland), caprolactam, NOXy and hydrogen peroxide. Polands sole manufacturer of Stearin is a Chorzw-based subsidiary of the company.

Grupa Azoty ZAK S.A.

Grupa Azoty Zakady Azotowe Kdzierzyn S.A. is a major manufacturer of high-quality nitrogen fertilizers, including Zaksan (its own brand of ammonium nitrate), as well as Salmag fertilizers.

The company also manufactures NOXyTM, is the only domestic manufacturer of OXO alcohols, and is a leader on the European OXO and plasticisers market.

Grupa Azoty ZAK S.A. operates its own CHP plant and loading port, and offers specialised certified laboratory services.

The headcount at Grupa Azoty as at December 31st was 13 879.

Locations of Grupa Azotys companies and their products

Gdask

Gdynia

ChorzwKdzierzyn-Kole

Puawy

Grzybw

Police

Guben(Germany)

Grupa Azoty Police Multicomponent fertilizers (NPK, NP) Nitrogen fertilizers (urea) Nitrogen-sulfur fertilizers (NS) Titanium white

Grupa Azoty ATT Polymers

Plastics (PA6)

Grupa Azoty Siarkopol Sulfur-based products

Grupa Azoty ZAK S.A. Nitrogen fertilizers (AN, CAN, UREA) Nitrogen-sulfur fertilizers (CAN) OXO alcohols Plasticisers

Zakady Azotowe Chorzw S.A.

NPK Stearin

Grupa Azoty S.A. Plastics (PA6, POM, modified products) Caprolactam Nitrogen fertilizers (AN, CAN) Nitrogen-sulfur fertilizers (ASN, AS)

Grupa Azoty Puawy Nitrogen fertilizers (AN, UAN, UREA) Melamine Caprolactam

NAVITRANS sp. z o.o. Logistics

GZNF Fosfory Multicomponent fertilizers

Batycka Baza Masowa Sp. z o.o. Logistics

Tarnw

Through its subsidiaries, Grupa Azoty has access to sea ports in Police, Gdask, Gdynia and a loading port in Kdzierzyn-Kole, and also operates its own rail infrastructure. The ports and rail infrastructure are designed to handle and transport fertilizers and chemical products. Grupa Azoty Police holds a controlling stake of 55% shares in African Investment Group S.A. in Senegal. Grupa Azoty, through its Senegalese entity, has licenses for access to deposits of phosphate rock and ilmenites in Senegal.

Diversified business

Revenue PLN 9 821mNet profit PLN 713m

With its well thought-out

structure, Grupa Azoty

enjoys a strong position both

at home and abroad, and

thanks to its diverse product

portfolio and international

market presence, its

flexibility, stability and

security are all guaranteed.

*data for 2013 based on consolidated revenue.**electricity, heat in heating water and other forms of useful energy.

Segments*

Poland 55.4%

Germany 9.5%

Other EU countries 22.3%

Asian countries 5.6%

South American countries 3.7%

Other 3.5%

Sales by geographies*

55.4%

9.5%

22.3%

5.6%3.7%

3.5

%

Agro Fertilizers (56,7%)15,9% NPK20,9% Nitrate fertilizers7,3% UREA2,6% AS6,1% UAN3,9% Other

Chemicals (24,3%)7,6% OXO alcohols1,9% Plasticisers4,0% Melamine4,2% Tech. UREA3,2% Titanium white3,4% Other

Other business (1,4%)

Energy (2,7%)**

Plastics (14,9%)7,8% Polyamide-60,6% Polyacetal 5,7% Caprolactam0,8% Other 56,7%

24,3%

14,9%

2,7%

1,4%

Agro Fertilizers

Chemicals

Plastics

EnergyOther business

Data for 2013 based on consolidated revenue.

Management

The Management Board of Grupa Azoty S.A. manages the entirety of Grupa Azoty. While the President has overall responsibility for the Group, the individual Management Board members are responsible for the key business areas of Finance, Strategy and development, Investments, Production integration, Plastics and organic syntheses, Supply chain management, Social dialogue, Process safety and Environmental protection; they are also responsible for managing individual companies.

The Grupa Azoty S.A. Management Board operates a Management Policy whereby we pursue the Groups strategic objectives on the basis of management systems conforming to the highest international standards. Priorities of our operations such as high quality, carefor technical safety and environment, food healthsafety, minimising damage to the environmentand customer priority are properly controlled andguarantee effective management.When performing our activities we always act inaccordance with legal and other regulations and wecontinuously improve the effects of our operations aswell as minimise the hazard they create.

Depending on the nature of their operations, the largest of the Group companies have in place:

Quality Management System, consistent with the ISO 9001:2008 standard,

Environmental Management System, consistent with the ISO 14001:2004 standard,

Occupational Health and Safety Management System, consistent with the PN-N-18001:2004 and BS OHSAS 18001:2007 standards,

Food Safety Management System, consistent with the ISO 22000:2005 standard,

Management System PN-EN ISO/IEC 17025:2005 (competence of research and calibration laboratories),

Quality Management System for the automotive industry, implemented in conformity with the requirements of ISO/TS 16949:2009,

Responsible Care Framework Management System, consistent with the guidelines of the European Chemical Industry Council.

Besides operating and perfecting these management systems, Grupa Azoty is also committed to implementing new standards for instance, it has embarked on a project to develop and implement a corporate risk management system, Operational Excellence Programme and Product Stewardship Programme cinsistent with the standards of Fertilizers Europe.

One brand Grupa Azoty is a project geared towards the future. In choosing our corporate name, we focused on two aspects: respect for our own tradition, and simplicity. We believe that even in our fast-changing, increasingly complex times, simplicity remains a source of effectiveness and power the power of the Group itself, as well as the power and clarity of the Groups mission statement. Being its most valuable assets, Grupa Azoty seeks to strengthen the market position of the Group companies, broaden their international reach and promote their harmonious development. And with great success comes great responsibility, which is why the Groups new strategy goes beyond just economic objectives and ratios to give importance to the principles of sustainable development, care for the environment and respect for its local communities. Grupa Azoty is a brand of the highest standards in all aspects of its operations.

The stock exchange Grupa Azoty S.A. has been listed at the Warsaw Stock Exchange since 2008, and has been included in its lite RESPECT index the CEE regions first ever index of companies specifically adhering to the principles of responsible business since 2009. More recently, in 2013 it was included in MSCIs Emerging Markets index and was selected to be a part of the initial line-up of the most reputable, attractive companies in the WSEs WIG30 index, which brought Grupa Azoty shares under close scrutiny by the largest investors on our market. However, Grupa Azoty S.A. offers much more than just prestige and reputation. Investing on its shares means harnessing the growth of the array of companies under the Groups common brand, which put hundreds of products in dozens of global markets. Investors appreciate this exceptional edge too, and besides the Polish State Treasury, significant blocks of shares are held by several leading investment and pension funds.

Two Grupa Azoty S.A. subsidiaries, Grupa Azoty Police and Grupa Azoty Puawy, are listed at the WSE as separate names.

Shareholder structure of Grupa Azoty S.A.

Structure as at June 11th 2014

33%

20,00%9,96%

8,76%

5,75%

22,53%

Polish State Treasury

Norica Holding S.a.r.l.

TFI PZU S.A.

ING OFE

EBRD

Others

Grupa Azoty is:

# 1 in mineral fertilizers# 1 in multicomponent fertilizers# 1 in nitrogen-sulfur fertilizers# 1 in nitrogen fertilizers

among Polish fertilizer producers

# 3 in mineral fertilizers# 2 in multicomponent fertilizers

among EUs fertilizer producers

# 1 in polyamides# 1 in OXO alcohols and plasticisers# 1 in titanium white# 1 in melamine

among Polish producers of plastics, OXO alcohols, pigments, and melamine

# 2 in melamine# 5 in plasticisers# 5 in polyamide-6*# 7 in OXO alcohols

among EUs producers of plastics, OXO alcohols, and melamine

Powering Creation

Grupa Azoty S.A.

ul. Kwiatkowskiego 8 | 33-101 Tarnw | PolandHelpline: +48 14 637 37 37tel.: +48 14 633 07 81fax: +48 14 633 07 18

PR

/10

/20

14/1

300

*among integrated producers