Ciech S.A. — M&A Activity 2023

Apr 11, 2023

With reference tothe current report no. 6/2023 of March 9, 2023 and the current reportno. 11/2023 of March 22, 2023, the Management Board of Ciech S.A. withits registered office in Warsaw (the _quot;Company_quot; or the _quot;Issuer_quot;),hereby informs, that it hasreceived from shareholders: 1) Drugi Allianz Polska Otwarty FunduszEmerytalny, 2) Otwarty Fundusz Emerytalny PZU "Złota Jesień", 3) AegonOtwarty Fundusz Emerytalny, 4) Generali Otwarty Fundusz Emerytalny, 5)NNLife Otwarty Fundusz Emerytalny 6) Nationale-Nederlanden OtwartyFundusz Emerytalny ("Shareholders"), a statement accordingto which, in the opinion of the Shareholders, the price proposed in thetender offer for the sale of the Company shares in the amount of PLN54.25 per share does not reflect the fair value of the Company share.

TheCompany attaches the content of the statement.

Legalbasis:_#160;_#160;_#160;_#160;_#160;_#160;_#160;Article17.1 of Regulation of the European Parliament and of the Council (EU)No. 596/2014 on Market Abuse and repealing Directive 2003/6/EC of theEuropean Parliament and of the Council and Commission Directives2003/124/EC, 2003/125/EC and 2004/72/EC - Official Journal of theEuropean Union of 2014, L 173, p. 1, as amended).