March 3rd 2008

New Members of the Supervisory Board of ZA Puławy

Today, the General Shareholders Meeting of Zakłady Azotowe Puławy resolved to appoint Ms Irena Ożóg and Mr Cezary Możeński as members of the Supervisory Board.

The General Shareholders Meeting appointed two new members to the Company’s Supervisory Board: Ms Irena Ożóg (as an independent Supervisory Board member) and Mr Cezary Możeński. At the same time, the General Shareholders Meeting removed Mr Andrzej Pryzowicz from the Supervisory Board. Currently, the Board is composed of six members whose joint term of office expires on July 9th 2010.

Furthermore, the General Shareholders Meeting granted its consent to acquire and implement the Enterprise Resource Planning IT system, which is to support the management and business processes and help optimise the resource planning.

Cezary Jan Możeński – Supervisory Board Member

Education:
Doctor of engineering, graduate of the Faculty of Chemistry of the Kraków University of Technology (major: chemical engineering) in 1981

Postgraduate courses and studies:
2003 – course in production process management and effective staff management;
2002 – course for candidates to supervisory boards of state-owned companies concluded with an examination;
1994 – doctor of technical sciences in chemical engineering (degree obtained from the Faculty of Chemical and Process Engineering of the Warsaw University of Technology);

Career profile and previously held positions:
2006– present – Institute of Artificial Fertilisers in Puławy, Head of the Institute as of September 20th 2007, chief specialist
2004–2006 – KSW Polmos Wrocław S.A., President of the Management Board;
2003–2005 – Masz-ZAP Sp. z o.o. , Chairman of the Supervisory Board;
2002–2004 – Melamina III Sp. z o.o, President of the Management Board;
2000–2004 – Zakłady Azotowe Puławy S.A., Production and Business Development Director, Strategy, Business Development and Investments Director;
1981–2000 – Institute of Artificial Fertilisers in Puławy, Head of Research Team.

Cezary Jan MOŻEŃSKI is a designer of numerous chemical installations, holds a number of patents and wrote numerous publications related to the fertiliser industry, in particular ammonia production and industrial gas purification.

Irena Ożóg – Independent Member of the Supervisory Board

Education:
Graduate of the Finance and Statistics Faculty of the Central School of Planning and Statistics (major: finance)

Postgraduate courses and studies:
- course for candidates to supervisory boards;
- Centrum Podyplomowego Kształcenia Pracowników Administracji Państwowej (Centre of Postgraduate Education for Public Administration Personnel);
- doctorate in economics

Career profile and previously held positions:
2003 – present – President of the Management Board of Spółka Doradztwa Podatkowego Ożóg i Wspólnicy Sp. z o.o., tax adviser;
2001–2003 – Deputy Secretary of State at the Ministry of Finance;
1999–2001 – tax adviser;
1992–1998 – Head of Direct Tax Department at the Ministry of Finance;
1990–1992 – Deputy Head of Direct Tax Department at the Ministry of Finance;
1991 – present – academic staff member (Warsaw School of Economics, University of Warsaw).