The Grupa Azoty Group reported consolidated revenue of PLN 2,564m for the third quarter of 2019, an increase of PLN 239m year on year. Revenue for the first nine months of 2019 reached a record level.

In Q1 2019, Grupa Azoty reported consolidated revenue of PLN 3,365m, i.e. PLN 868m more than in the corresponding period of 2018. Growth in the prices of most products and the continuing reversal of the price trend for the key feedstock (gas) pushed up EBITDA to PLN 608m (yoy increase of PLN 205m) and EBITDA margin to 18.1% (up 2.0 p.p. year on year).

Today, in the presence of government officials headed by Prime Minister Mateusz Morawiecki, Grupa Azoty opened its new Research and Development Centre in Tarnów. Constructed over 14 months, the Centre will accommodate research facilities, supporting the delivery of innovative solutions.Its effective use by Grupa Azoty will allow it to build competitive advantages and boost the flow of innovation into its business.

The second edition of the ‘Ambassador of Grupa Azoty Brand’ programme has begun. The programme, open to all academic circles, is intended to interest students in building their professional careers with the Grupa Azoty Group. This time, the programme is targeted at all university students. The best ones are sure to receive awards, including a paid internship at the Grupa Azoty Group.

Grupa Azoty today concluded an agreement with Goat Netherlands B.V. with its registered
office in the Netherlands (an entity of the XIO Group, a London headquartered private equity
firm) for the acquisition of 100% of shares in Goat TopCo GmbH with its registered office in
Germany, which controls the companies of COMPO EXPERT Group, one of the world's leaders in
the market of specialty fertilizers for professional users.
The transaction will be finalised after obtaining the consent of the Extraordinary General
Meeting of Grupa Azoty S.A. Shareholders and the consent of the competent merger control
authorities required in certain countries of operation. The purchase price for 100% of shares in
the COMPO EXPERT Group will not be higher than EUR 235 million and will be financed entirely
with credit lines available to Grupa Azoty.

How to build a Polish Silicon Valley? Create an innovation-friendly environment. Grupa Azoty, Poland’s largest fertilizer and chemical group and one of Europe’s key players in that market, has signed a cooperation agreement with the accelerator of the Poland Prize by AdVentures programme. Already in September, the accelerator team will start looking for business opportunities in Southern, Central and Eastern Europe.