Grupa Azoty S.A.

M&A Activity • Sep 24, 2017

Current Report No. 42/2017 of September 23rd 2017

Submitting a non-binding offer to acquire shares in Petrokemija d.d.

Legal basis: Art. 17.1 of MAR − Inside information

The Management Board of Grupa Azoty S.A. ("the Company") informs that on22 September 2017 the Company submitted a non-binding offer to acquireshares in Petrokemija d.d. seated in Kutina, Croatia.

Petrokemija d.d. is listed on the stock exchange in Zagreb and is afertilizer producer. The Company Petrokemija d.d. publishedrestructurization program "Concretization of the proposal of conceptionof restructurization through recapitalization with participation of theprivate investor".

From January to June 2017 the revenues of the Petrokemija d.d. amounted952.639 thousand HRK.

Legal basis: Article 17(1) of Regulation (EU) 596/2014 of the EuropeanParliament and of the Council of April 16th 2014 on market abuse (marketabuse regulation) and repealing Directive 2003/6/EC of the EuropeanParliament 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, asamended).