THE DISTRIBUTION OF THIS NOTICE IN CERTAIN JURISDICTIONS MAY BE RESTRICTED BY LAW AND PERSONS INTO WHOSE POSSESSION THIS NOTICE COMES ARE REQUIRED TO INFORM THEMSELVES ABOUT, AND TO OBSERVE, ANY SUCH RESTRICTIONS.

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

20 May 2025

NITROGÉNMŰVEK ZRT.
(THE “ISSUER”)

EXTENDS THE EXPIRATION TIME FOR THE ELECTRONIC CONSENT 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”)

Background

On 16 May 2025, the Issuer announced the commencement of an electronic consent in relation to its outstanding Notes (the “Electronic Consent”) to, among other things, (i) waive any and all existing Events of Default or Potential Events of Default in relation to the non-payment of principal of the Notes which were due and payable on 14 May 2025 under the Trust Deed and the Conditions (the “Waiver”)  and (ii) assent to the extension of the maturity date of the Notes by a period of 60 days such that the Notes shall be due and payable at their principal amount together with accrued and unpaid interest on 14 July 2025 (the “New Maturity Date”).

Unless the context otherwise requires, capitalised terms used in this announcement shall bear the meanings given to them in the Notice of Electronic Consent dated 16 May 2025 prepared by the Issuer (the “Notice of Electronic Consent”). The Notice of Electronic Consent contains the full terms of the Electronic Consent.

Extension of the Expiration Time

The Issuer announces that, pursuant to the Notice of Electronic Consent, it is hereby extending the Expiration Time for the Notes from 4:00 p.m. (London time) on 23 May 2025 to 4:00 p.m. (London time) on 29 May 2025 (the “New Expiration Time”). This extension is given to accommodate feedback from Noteholders who were facing operational challenges in submitting their Electronic Voting Instructions and may not be able to submit before the original Expiration Time.

For the avoidance of doubt, there are no other changes made to the terms of the Electronic Consent, and all other timings remain unchanged.

The Information and Tabulation Agent

Questions and requests during the course of the Electronic Consent for assistance in connection with the delivery of Electronic Voting Instructions or otherwise in connection with the voting process may be directed to the Information and Tabulation Agent.

The Information and Tabulation Agent is:

D.F. KING LTD.
51 Lime Street
London EC3M 7DQ
United Kingdom

Email: Nitrogenmuvek@dfkingltd.com

Disclaimers

This announcement must be read by Noteholders in conjunction with the Notice for Electronic Consent. This announcement and the Notice for Electronic Consent contain important information which should be read carefully before any decision is made with respect to the Electronic Consent.

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.

20 May 2025