Grupa Azoty Zaklady Chemiczne Police : The Management Board of Grupa Azoty Zakłady Chemiczne Police S.A. (the “Company”) announces that on January 17th 2017 the Company executed an ilmenite purchase agreement (the “Agreement”) with Titania AS of Hauge i Dalane, Norway (the seller).

Legal basis:
Art. 17.1 of MAR - Inside information

The Management Board of Grupa Azoty Zakłady Chemiczne Police S.A. (the 'Company') announces that on January 17th 2017 the Company executed an ilmenite purchase agreement (the 'Agreement') with Titania AS of Hauge i Dalane, Norway (the seller).

The Agreement has an estimated value of PLN 140,000,000.00, and was executed for a definite term, from September 1st 2017 to December 31st 2019. Under the Agreement, ilmenite will be delivered according to an agreed delivery schedule and commercial terms.

The other terms of the Agreement do not differ from standard terms used in agreements of this type. The Agreement does not provide for any contractual penalties.

Information on execution of the Agreement was classified as inside information by the Company because it refers to securing long-term supply of ilmenite, key raw material for production of titanium white.

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