Ciech S.A.

Notice of Dividend Amount • May 22, 2019

TheManagement Board of CIECH S.A. (the "Company" or "Issuer") informs thaton 22 May 2019, it adopted a resolution containing its recommendation tothe Annual General Meeting of the Issuer on the manner of allocation theCompany's net profit of PLN 270,611.852.97 (in words: two hundred andseventy million six hundred and eleven thousand eight hundred andfifty-two 97/100 zlotys) for the financial year 2018, namely:

1.PLN17,181,990.27 (in words: seventeen million one hundred and eighty-onethousand nine hundred and ninety 27/100 zlotys) to cover the lossrecognised as an adjustment in the opening balance;2.PLN253,429,862.70 (in words: two hundred and fifty-three million fourhundred and twenty-nine thousand eight hundred and sixty-two 70/100zlotys) to be allocated to to the supplementary capital of the Company.Theloss shown in item 1, recognised as an adjustment in the openingbalance, is a consequence of the Company's change of its accountingpolicy in connection with the Issuer's application of InternationalFinancial Reporting Standard 9 (IFRS 9) as of 1 January 2018. Details ofthe above change and the resulting consequences (recognition of a loss)are described in item 1.5.1 (IFRS 9 "FINANCIAL INSTRUMENTS") of theCompany's financial statements for 2018 of 26 March 2019.

The recommendation of the Management Board of theCompany concerning the allocation of the amount shown in item 2 to thesupplementary capital follows the analysis and assessment of the currentand future financial and liquidity position of the CIECH Group and isrelated to the implementation of the CIECH Group's Strategy for2019-2021, the adoption of which was announced by the Company in itscurrent report no. 34/2018 on 5 December 2018.

At the same time, the Management Board of the Issuerinforms that it intends to request the Supervisory Board of the Companyto evaluate the motion addressed to the Annual General Meeting of theCompany regarding the allocation of profit for 2018, in accordance withthis recommendation of the Management Board of the Issuer.