Current Report No. 2/2018 of January 25th 2018

Execution of package of credit facility agreements for long-termfinancing with EIB

Legal basis: Art. 17(1) of MAR - Inside information

Further to Current Report No. 38/2015 of May 28th 2015, the ManagementBoard of Grupa Azoty S.A. (the "Company") announces that on January 25th2018 the Company and the European Investment Bank of Luxembourg ("EIB")signed a new credit facility agreement for long-term financing and anannex to the long-term financing agreement of May 28th 2015.

The Company executed the new credit facility agreement ("EIB AgreementII") to obtain financing of up to EUR 145,000,000, and the KeySubsidiaries, namely Grupa Azoty Zakłady Azotowe Puławy S.A., GrupaAzoty Zakłady Azotowe Kędzierzyn S.A., and Grupa Azoty Zakłady ChemicznePolice S.A. (the "Key Subsidiaries"), executed with the EIB a newguarantee agreement under which the Key Subsidiaries, acting asGuarantors, provided guarantees covering the Company's liabilities underthe EIB Agreement II, with each guarantee covering up to one-third (1/3)of 120% of the amount provided under EIB Agreement II, i.e. up to EUR58,000,000.

The Company and the EIB also executed an annex to the up to PLN550,000,000 credit facility agreement of May 28th 2015 ("EIB AgreementI") in order to harmonise the material terms and conditions of EIBAgreement I and EIB Agreement II.

The EUR 145m EIB Agreement II was concluded for a period of up to tenyears from the date of disbursement of the financing, and the facilityis to be repaid in instalments, starting within three years from thedisbursement date.

In the EIB Agreements, the Company agreed to incur capital expenditureon selected projects in its investment and research and developmentprogramme, whose implementation is in line with the EIB's policy. TheAgreements also contain an obligation to submit reports (periodicreports and a final report) which must specify the cost of the projectsand research and development.

The EIB Agreements include provisions which impose certain restrictionson the Company and on the Key Subsidiaries, for instance restrictions onmaking dispositions with respect to their material assets or encumberingsuch assets, provision of loans and guarantees, payment of dividends andincurring financial liabilities, above the agreed consolidated net debtto EBITDA ratio values, harmonised or to be harmonised with otheragreements for long term-financing of the Company.

The other terms of the EIB Agreements do not differ from standard termsused in agreements of such type.

The EIB Agreements are an integral part of the Company's long-termfinancing package intended for the financing of the Grupa Azoty Group'sgeneral corporate needs, including the strategy as well as theinvestment and research and development programme.

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).