There are no proceedings pending at the Grupa Azoty Group companies concerning liabilities or debt claims whose individual or aggregate value would represent 10% of the Parent’s equity, i.e. would satisfy the materiality criteria specified in Par. 87.7.7 of the Regulation of the Minister of Finance of February 19th 2009 on current and periodic information.
ISARIOS Industriekapital AG’s claim concerning ATT Polymers
On June 2nd 2014, under proceedings concerning reverse transfer of ownership of shares in Grupa Azoty ATT Polymers GmbH, the International Chamber of Commerce in Paris issued a ruling in which it upheld the validity of the agreement for the purchase of shares in Grupa Azoty ATT Polymers GmbH by the Parent, dated November 18th 2009. Additionally, the arbitration tribunal determined that the share sale agreement satisfied all necessary formal and substantial requirements, and in particular that the seller’s resolution dated December 23rd 2009, being one of the preconditions for closing the transaction, was valid. The tribunal also ruled that the Grupa Azoty Group was under no obligation to return dividend. The ruling is final and cannot be subject to any ordinary legal remedies.