Ciech S.A.

Regulatory Filings • Nov 23, 2017

Contents of the report:

The Management Board of CIECH S.A. with itsregistered office in Warsaw (the “Company” or “Issuer”) informs thattoday a decision has been made to initiate the preparatory stage of asignificant investment.

The subject matter of the planned investment is theconstruction of an evaporated salt production plant in Germany, in thetown of Stassfurt. The estimated production capacity of the plant isapprox. 450 thousand tons of salt per annum. The investment will beimplemented by a subsidiary of the Issuer – CIECH Soda DeutschlandGmbH&Co.KG. in Germany.

The Management Board has decided to initiate thepreparatory stage of the investment in connection with the planneddevelopment of the salt business outside Poland, following market andtechnological analyses which preliminarily confirmed the attractivenessof the project.

The preparatory stage of the investment will involve,among others: tendering procedures related to project implementation,including key technology bids, preparation of the plant designdocumentation, and obtaining administrative decisions.

The value of the investment is estimated at about EUR100 million, and the approximate time of its implementation is 2 to 3years. The effects of completed investment will have a significantimpact on the consolidated financial results of the CIECH Group.

The final decision will be made within the next fewquarters and will depend, among others, on market conditions, ability toobtain relevant administrative decisions and/or granting public aid bycompetent German administration authorities.