Grupa Azoty PUŁAWY to buy gas from Germany and the Netherlands

| Production & Resources |

Grupa Azoty PUŁAWY has signed two agreements concerning the supplies of high methane natural gas by PGNiG Sales & Trading GmbH and Vitol S.A. Grupa Azoty Police had decided to purchase gas from a German supplier at an earlier date. The contracts stipulate that the gas is to be delivered from October 1st, 2015 to September 30th, 2016. The estimated total value of the agreements is 164 million PLN.

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KGHM is looking for potassium salt in Puck Bay

| Production & Resources |

KGHM has commenced an exploration project aiming at specifying the resources and the possible efficiency of exploration of potassium salt deposits in the vicinity of Puck, Władysławów and Krokowa at the Polish seaside. The new venture might bring a breakthrough in the acquisition of resources for fertilizer production.

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Continuing the cooperation with LW Bogdanka

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On December 17th, 2014 Grupa Azoty PUŁAWY signed an annex to the long-term agreement concerning the purchasing of coal from Lubelski Węgiel “Bogdanka” S.A. mining company. The annex includes details concerning the price and volume of coal shipments in 2015. Following the signing of the annex, the value of the agreement is 910 million PLN net, or smaller by 13.5% than hitherto.

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2014, the year of investments

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In 2013 Our Works launched a number of projects which constitute a part of the long-term investment schedule in Grupa Azoty, and will help enhance our position of the fertilizers-chemical market. Another element of the strategy of collective sustainable growth is the cooperation with external partners, aimed both at gaining resources and boosting the energy supply potential.

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Another natural gas supply contract

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Our Works have made another step towards the diversification of natural gas sourcing thanks to a new agreement with Vattenfall Energy Trading. The contract is worth nearly 90 million PLN.

Supply diversification and cost optimization

– We are eager to make use of each market opportunity to optimize the supply of natural gas to our company, and to reduce the purchase price of this fuel – explained Wojciech Kozak, the Vice Chairman of Grupa Azoty “PUŁAWY”. In his opinion, deals signed by “PUŁAWY” provide the company with numerous benefits, including a variation of natural gas input points into the distribution system. “PUŁAWY” Vice Chairman also said that gas coming from the West now constitutes 20% of the general consumption of the resource in Our Works, but we must not forget that PGNiG is and is going to remain the key partner of Grupa Azoty “PUŁAWY”, providing the majority of the natural gas required by our installations.

Four natural gas suppliers

In December 2013, Grupa Azoty Zakłady Azotowe “PUŁAWY” contracted natural gas supply for 2014 with the following providers: RWE Polska (a contract worth 69 million PLN) and Statoil (97 million PLN). Our Company has also signed an annex to the long-term agreement with PGNiG concerning natural gas, which is indispensable in ammonia manufacturing installations. The value of this contact is estimated to reach as much as 1,09 billion PLN in 2014 alone!

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KGHM and Fosfory on a joint project to seek natural resources

| Production & Resources |

On Friday 30th, 2013 KGHM Polska Miedź S.A. and Gdańskie Zakłady Nawozów Fosforowych “Fosfory” signed a letter of intent confirming willingness to cooperate. Basing on this document, both Parties are to engage in talks about the rules of cooperation during the implementation of projects concerning the search of and research into deposits of chemical resources in Poland and abroad, as well as recycling.

For Fosfory, a company located in Gdańsk and belonging to Grupa Azoty Puławy, the main objective is to obtain a source of polihalite, the sulfate of potassium, calcium and magnesium. The mineral is an excellent source of potassium for the manufacturing of complex fertilizers.

Seeking deposits and ensuring a safe supply of resources is of particular, strategic interest for all companies in Grupa Azoty – said Grupa Azoty CEO Paweł Jarczewski upon the signing of the agreement. He mentioned other possible use of the resource – polihalite might bring a change of complex fertilizers manufacturing technology used by Fosfory in Gdańsk and Police. Potassium in this form, as an ingredient of complex fertilizers, is absorbed by plants in a better way, makes fertilizing more effective and is more environmentally-friendly than that in the chlorine form – Mr Jarczewski added.

The above activities confirm the strategy of Grupa Azoty, a strategy which focuses on diversification of resources and gaining access to own resource deposits. The Parties are to initiate talks shortly and define the manner and rules of cooperation during this enterprise.

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