THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014.

Nitrogénművek Zrt.
LEI Number - 5493001ZER6R9IYAUY93

14 May 2025

NITROGÉNMŰVEK ZRT.
(THE “ISSUER”)

ANNOUNCES THAT IT IS CONTINUING CONSTRUCTIVE DISCUSSIONS WITH THE AD HOC GROUP IN RELATION TO ITS OUTSTANDING

EUR200,000,000 7.00 PER CENT. NOTES DUE 2025
(REGULATION S ISIN: XS1811852521 / REGULATION S COMMON CODE: 181185252 / RULE 144A ISIN: XS1811853172 / RULE 144A COMMON CODE: 181185317)

(THE “NOTES”)

Following the announcement of the Issuer's termination of the consent solicitation in relation to the Notes on 1 May 2025, the Issuer has been in discussions with an ad hoc group (the "Ad Hoc Group") and certain other beneficial owners representing greater than 75 per cent. of the Notes.

The Issuer is continuing constructive discussions with the Ad Hoc Group regarding the key commercial terms of a revised proposal to extend the maturity date of the Notes. Further information on the terms of the proposed transaction will be published in due course.

The board of directors of the Issuer continue to assess all options available at this time but remain optimistic that the Issuer will be able to deliver a consensual solution to the maturity of the Notes that is acceptable to all stakeholders and intends to make further announcements in this regard as soon as practicable.

Disclaimers

This announcement is made by Nitrogénművek Zrt. and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (“MAR”). For the purposes of MAR and the Implementing Technical Standards, this announcement is made by Zoltán Bige, Chief Strategy Officer and Member of the Board at the Issuer.

This announcement is given by the Issuer.

14 May 2025