Ciech S.A.

M&A Activity • Dec 30, 2020

In reference to Current ReportNo. 34/2018 of 5 December 2018, in which CIECH S.A. (the "Issuer" or"Company") informed on the adoption of the CIECH Group's Strategy for2019-2021 (the "Strategy"), and Current Report No. 47/2019 of 25November 2019, in which the Company advised on the adoption of the CIECHGroup's Reorganisation Concept (the Reorganisation Concept), the Companyherewith informs that on 30 December 2020, the Management Board receivedinformation on the decision made by direct subsidiaries of the Issuer:CIECH Vitrosilicon S.A. ("CIECH Vitrosilicon") and CIECH Vitro sp. zo.o. ("CIECH Vitro"), to adopt the plan for the division ofCIECHVitrosilicon (the "Division Plan").

As part of the Division Plan, thedivision of CIECH Vitrosilicon was agreed by separating its PackagingBusiness Unit (the "Business Unit Packaging") and moving it to CIECHVitro. As a result of this division, CIECH Vitrosilicon will become acompany operating solely within the framework of the Silicates businessunit (the "Business Unit Silicates"), and CIECH Vitro will become acompany operating as part of the Business Unit Packaging..

The adoption of the Division Planis in line with the assumptions of the Reorganisation Concept andaimed at implementing the Strategy in terms of creating an effective anddiversified chemical holding generating long-term positive value forshareholders.

The Division Plan is subject toapproval by the General Meeting of Shareholders of CIECH Vitrosiliconand the General Meeting of Shareholders of CIECH Vitro respectively. Theexact date of the division (separation) depends on the relevant entriesin the Register of Entrepreneurs of the National Court Register (KRS),which is beyond control of the Company and the companies participatingin the division.

The Division Plan is availableon the following websites:https://ciechgroup.com/grupa-ciech/spolki-grupy-ciech/ciech-vitrosilicon/andhttps://ciechgroup.com/grupa-ciech/spolki-grupy-ciech/ciech-vitro-sp-z-oo/.

Legal basis:Article17.1 of the Regulation of the European Parliament and of the Council(EU) No. 596/2014 of 16 April 2014 on Market Abuse (the Market AbuseRegulation) and repealing Directive 2003/6/EC of the European Parliamentand of the Council and Commission Directives 2003/124/EC, 2003/125/ECand 2004/72/EC (Official Journal of the European Union L No. 173, p. 1).