Ciech S.A.

Report Publication Announcement • May 23, 2018

Contentsof the report:

TheManagement Board of CIECH S.A. (the "Company" or "Issuer") herewithinforms that on 23 May 2018, it adopted a resolution on itsrecommendation to the Annual General Meeting of the Issuer to:

1.allocatethe net profit generated by the Company in 2017, amounting to PLN243,907,228.06 (in words: two hundred and forty-three million ninehundred and seven thousand two hundred and twenty-eight and 06/100Polish Zlotys) in its entirety, to the payment of dividend;

2.transferthe amount of PLN56,482,253.24(in words: fifty six million four hundred andeighty-two thousand two hundred and fifty three and 24/100 PolishZlotys) from the reserve capitals created from net profits in order toallocate it to the payment of dividend;

3.distributedividend in the amount of PLN300,389,481.30(in words: three hundred million three hundredand eighty-nine thousand four hundred and eighty-one and 30/100 PolishZlotys), i.e. PLN5.70per share, from the net profit of the Company for 2017, increased by theamount transferred from the reserve capital created from net profits.

At the same time, the Management Board of CIECH S.A.informs that it intends to request the Supervisory Board of the Companyto evaluate the application submitted to the Annual General Meeting ofthe Company regarding the allocation of the profit for 2017 and paymentof dividend as per this recommendation of the Management Board of theIssuer.