Ciech S.A.

Legal Proceedings Report • Sep 19, 2022

The Management Board ofCIECH S.A. (_quot;Company_quot; or _quot;Issuer_quot;) informsthat on 19 September 2022 it was informed by the attorney of theIssuer's Subsidiary - Sodawerk Stassfurt Verwaltungs GmbH (_quot;Subsidiary_quot;)about the receipt of the amended tax assessments_#160;issuedby Tax Office (_quot;Office") in Strassfurt, Germany onSeptember, 9th2022 (_quot;Decisions_quot;) as a result ofa tax inspection carried out against the German companies of the CiechGroup, including Subsidiary in the scope of corporate income taxsettlements for the years 2007-2009.

In the Decisions, theOffice questioned the tax treatment of reducing the share in the capitalof the subsidiary of Sodawerk Stassfurt Verwaltungs GmbH, which tookplace in 2007.

The Decisions on the taxliability with interest in the amount of EUR 7.9 million (PLN 37.3million)are not final.The Subsidiary and its advisors do notagree with the Decisions and intend to challenge the Decisions andappeal against them to defend the tax consequences of their activitiesin 2007. The amount stated in the Decisions will not require thecreation of a provision, as the Company, along with the assessments ofits advisors, assessed and still assesses the chances of winning thisdispute higher than_#160;50percent. The Subsidiary also intends to file an application fordeferment of payment until a final decisions are issued and expects apositive decision in this regard.

Information on thecontrol in question is presented in point 2.13 of the consolidatedreport of the CIECH Group for the first half of 2022.

Legal basis:Art. 17 sec. 1 of Regulation (EU) No 596/2014 of the European Parliamentand of the Council of 16 April 2014 on market abuse (market abuseregulation) and repealing Directive 2003/6 / EC of the EuropeanParliament and of the Council and Commission Directive 2003 / 124 / EC,2003/125 / EC and 2004/72 / EC (Journal of Laws UE L No. 173, p. 1).