Ciech S.A.

Board/Management Information • Jun 22, 2018

TheManagement Board of CIECH S.A. (the "Issuer" or "Company") informs thaton 22 June 2018, in connection with the expiration of the current termof office of the Supervisory Board on the date of holding the AnnualGeneral Meeting of CIECH S.A. approving the financial statements for thefiscal year 2017, the Annual General Meeting of the Company adoptedresolutions on the appointment of the following persons for the newjoint term of office:SebastianKulczyk, Tomasz Mikołajczak, Mariusz Nowak, Dawid Jakubowicz, PiotrAugustyniak and Artur Olech.

Sebastian Kulczyk

The Chairman of the CIECH Group's Supervisory Boardsince 8 October 2015.

Graduate of the Faculty of Law and Administration at theAdam Mickiewicz University, Management and Marketing programme. Studiedat the London School of Economics. From 2010, involved in KulczykInvestments Group. In December 2013, he became the Chief ExecutiveOfficer of Kulczyk Investments. From 2009 to 2010, he worked at aninvestment bank, Lazard, in London. Experienced manager of companiesfrom the e-business sector. He also worked in the department for digitalmedia at SonyBMG, New York. For many years, he has invested in anddeveloped new-tech ventures.

Accordingto the submitted statement, Sebastian Kulczyk does not run any businesscompetitive to CIECH S.A., is not involved in any company that iscompetitive to CIECH S.A. as a partner in a general partnership orpartnership, or as a member in a corporate body of a corporation or as amember in a corporate body of another competitive legal entity. He hasnot been entered into the Register of Insolvent Debtors, which is keptaccording to the Act of 20 August 1997 on the National Court Register(KRS).

Accordingto the submitted declaration, Mr Sebastian Kulczyk does not meet thecriteria of independence within the meaning of Annex II toRecommendation of the European Commission 2005/162 /EC of 15 February2005.

Tomasz Mikołajczak

Member of Supervisory Boards ofKulczyk Investments S.A., Kulczyk Holding S.A., Polish Energy PartnersS.A., Polenergia Holding S.à.r.l. and CIECH S.A.

Since 1980, Tomasz Mikołajczak hasbeen a private investor operating mainly through the holding companyTowarzystwo Inwestycji Kapitałowych S.A. Through this company, hecompletes short- and medium-term private equity investments. TomaszMikołajczak invests mainly in property, teleinformatics, constructionand industry automation industries and companies that specialise in thedesign and building of infrastructure. Since the beginning of hisactivities, he has completed several privatisation processes. As astrategic investor, he also participated in the acquisition of manybusinesses and their restructuring processes.

Privately,Tomasz Mikołajczak invests in the capital market and in financialinstruments. He is a mentor and promoter of several young entrepreneursthat operate successfully in many areas of the Polish business. TomaszMikołajczak is also Chairman of the Audit Committee of the PolishBusiness Roundtable.

The Vice-Chairman of the SupervisoryBoard of CIECH S.A. since July 2014.

Accordingto the submitted statement, Tomasz Mikołajczak does not run any businesscompetitive to CIECH S.A., is not involved in any company that iscompetitive to CIECH S.A. as a partner in a general partnership orpartnership, or as a member in a corporate body of a corporation or as amember in a corporate body of another competitive legal entity. He hasnot been entered into the Register of Insolvent Debtors, which is keptaccording to the Act of 20 August 1997 on the National Court Register(KRS).

Accordingto the submitted declaration, Mr Tomasz Mikołajczak does not meet thecriteria of independence within the meaning of Annex II toRecommendation of the European Commission 2005/162 /EC of 15 February2005.

Mariusz Nowak

A graduate of the University of Szczecin, Faculty ofEconomics and Cybernetics and Computer Science. He holds the MBA degreeof Ecole Nationale des Ponts et Chaussees, Paris.

In 2012, he became a Member of the Management Boardof Kulczyk Investments S.A. and Kulczyk Holding S.A. Currently, he is aMember of the Management Board of Kulczyk Investments S.A. Before that,from March 2010, he was the financial director of Kulczyk PonInvestments and the President of the Management Board of MagroInternational. In 1991-2010, he worked in various positions for theWavin Group, in which he took the position of the Managing Director ofWavin Ekoplastik in 2007. Mr Mariusz Nowak is a member of SupervisoryBoards of Autostrada Wielkopolska S.A., Autostrada Wielkopolska II S.A.,Autostrada Eksploatacja S.A., and AWSA Holland II BV. Member of theSupervisory Board of Polenergia S.A.

Since July 2014, Mr Mariusz Nowak is a member of theSupervisory Board of CIECH S.A. He was also the Chairman, and then amember, of the Audit Committee of the Supervisory Board of CIECH S.A.

Accordingto the submitted declaration, Mr Mariusz Nowak does not conduct anyactivity in competition to CIECH S.A., he does not participate in acompany competitive to CIECH S.A. as a partner in a registeredpartnership, general partnership or as a member of a governing body of acompany with a share capital, or as a member of a governing body in anyother competitive legal entity. He has not been entered in the Registerof Insolvent Debtors maintained pursuant to the Act on the NationalCourt Register.

Accordingto the submitted declaration, Mr Mariusz Nowak does not meet thecriteria of independence within the meaning of Annex II toRecommendation of the European Commission 2005/162 /EC of 15 February2005.

Dawid Jakubowicz

Graduateof the University of Economics in Poznań, Faculty of Economics. In 2014,he completed post-graduate MBA studies at the University of Economics inPoznań in cooperation with Georgia State University, Atlanta, USA. Since2014, he has been entered on the list of statutory auditors of thePolish Chamber of Statutory Auditors. In 2017-2018, he participated inthe Program for Leadership Development at Harvard Business School,Massachusetts, USA.

In2005-2010, he worked at KPMG Audyt Sp. z o. o., in the structures of theteam responsible for conducting financial audits of companies fromvarious sectors of economy.

In2010-2011, he worked as KPI Retail Group Controller in KPI BusinessServices Sp. z o. o., a member company of Kulczyk Holding.

In2011-2012, he was employed with Magro International Capital Group, amember company of Kulczyk Holding, as a Controlling Manager.

From02.2013 to date, he has been employed with KI One S.A. (former name:Kulczyk Holding), currently as a Director in the Portfolio ManagementDepartment.

Amember of several Supervisory Boards of companies from the chemical,energy, logistics and new technologies sectors, including publiccompanies.

Accordingto the submitted declaration, Mr Dawid Jakubowicz does not conduct anyactivity in competition to CIECH S.A., he does not participate in acompany competitive to CIECH S.A. as a partner in a registeredpartnership, general partnership or as a member of a governing body of acompany with a share capital, or as a member of a governing body in anyother competitive legal entity. He has not been entered in the Registerof Insolvent Debtors maintained pursuant to the Act on the NationalCourt Register.

Accordingto the submitted declaration, Mr Dawid Jakubowicz does not meet thecriteria of independence within the meaning of Annex II toRecommendation of the European Commission 2005/162 /EC of 15 February2005.

PiotrAugustyniak

Currently,a member of Supervisory Boards in the following public companies: AssecoPoland S.A., Ciech S.A., PZ Cormay S.A.; a member of Supervisory Boardof Kopex S.A. between 2013-2014 and Mercor S.A. between 2012-2017; andcurrently, a member of Supervisory Boards in the following private(non-public) companies: Asseco Data Systems S.A. and AssecoInternational, a.s.

In theyears 1994-2011, he was associated with the private equity of EnterpriseInvestors (EI), operating in Poland as well as Central and EasternEurope. As an EI partner (2006-2011), he was responsible for monitoringand introducing companies to the WSE and transactions of the sale of thesignificant blocks of shares of EI portfolio companies on the public andprivate market. He represented EI as a member of Supervisory Boards inthe following companies: Polfa Kutno S.A., Energoaparatura S.A.,Elektrobudowa S.A., Wizów S.A., Sfinks S.A., CSS S.A., Bauma S.A. , CompRzeszów S.A. (current name: Asseco Poland S.A.), Agros Nova S.A., TetaS.A., Opoczno S.A., AB S.A., Siveco Romania S.A. (Romania), STD Donivoa.s. (Slovakia) and AVG Technologies N.V. (the Netherlands).

In2001, he held the office of the President of the Management Board ofEnergoaparatura S.A., delegated, as part of his work with EI, to run therestructuring of the company.

In theyears 1993-1994, he was associated with the Ministry of Privatisation(MPW), first as a project manager and then as a privatisation projectmanager. In the years 1992-1993, he worked at Fundacja PrzekształceńWłasnościowych (the Property Transformation Foundation) at MPW.

1991-1992,translator with New York Times, Warsaw.

Graduate(Master degree) of Warsaw University, English Philology Department(1990) and Management (1994).

He isentered on the list of recommended candidates for professional membersof Supervisory Boards by the Polish Institute of Directors.

Accordingto the submitted declaration, Mr Piotr Augustyniak does not conduct anyactivity in competition to CIECH S.A., he does not participate in acompany competitive to CIECH S.A. as a partner in a registeredpartnership, general partnership or as a member of a governing body of acompany with a share capital, or as a member of a governing body in anyother competitive legal entity. He has not been entered in the Registerof Insolvent Debtors maintained pursuant to the Act on the NationalCourt Register.

Accordingto the submitted declaration, Mr Piotr Augustyniak meets the criteria ofindependence within the meaning of Annex II to Recommendation of theEuropean Commission 2005/162 /EC of 15 February 2005.

Artur Olech

Graduate of the Law Faculty ofthe University of Warsaw and of the Finance and Banking Faculty of theWarsaw School of Economics. Artur Olech completed numerous trainingcourses for senior management, e.g. at the Harvard Business School,Kellogg School of Management and Chicago GSB.

Since October 2016, he has been the founder andPresident of  hiPRO Sp. z o.o.

Until August 2016, Mr Artur Olech was the Presidentof the Management Board of Pocztowe Towarzystwo Ubezpieczeń WzajemnychS.A. and Pocztowe Towarzystwo Ubezpieczeń na Życie S.A.

From November 1998 to February2014, Artur Olech served in the Management Board of the Generali Group.In 2003-2008, he was Member of the Management Board, then Vice-Presidentof the Management Board responsible for life and pension insurances. In2010, he was appointed President of the Management Board, and he heldthis position until 2014.

In 1997-1998, he served asDirector of Volkswagen Bank Polska/Volkswagen Leasing Polska-Warszawa.

From 1996 to 1997, he worked asanalyst in the Polish Institute of Management (PIM Sp. z o.o.).Previously, he worked for three years as project manager in FundacjaCASE Consulting (Fundacja Centrum Analiz Społeczno-Ekonomicznych) inWarsaw.

In 2012, he received aprestigious award for the best manager in the insurance industry(awarded by magazine Wprost).

ArturOlech was also responsible for the project entitled "Procesy wyjścia wgospodarce przejściowej" (Exit processes in transitional economy),prepared on behalf of the World Bank, under the supervision of ProfessorLeszek Balcerowicz.

Anexpert in business process management, has served as an independentMember of the Supervisory Board of CIECH S.A. since July 2014. He isalso a Member of the Audit Committee.

Since 02.2017, he has been anindependent member of the Supervisory Board of MABION S.A.

In theperiod from 11.2015 to 06.2016, he was the Chairman of the SupervisoryBoard of PAUF S.A.

Accordingto the submitted declaration, Mr Artur Olech does not conduct anyactivity in competition to CIECH S.A., he does not participate in acompany competitive to CIECH S.A. as a partner in a registeredpartnership, general partnership or as a member of a governing body of acompany with a share capital, or as a member of a governing body in anyother competitive legal entity. He has not been entered in the Registerof Insolvent Debtors maintained pursuant to the Act on the NationalCourt Register.

Accordingto the submitted declaration, Mr Artur Olech meets the criteria ofindependence within the meaning of Annex II to Recommendation of theEuropean Commission 2005/162 /EC of 15 February 2005.