Ciech S.A.

Related Party Transaction • Dec 21, 2022

Subject:_#160;Contractsand agreements executed by the Issuer and a subsidiary of the Issuerwith_#160;Inowrocławskie Kopalnie Soli "SOLINO_quot; Spółka Akcyjna.

Withreference to Current Report No. 39/2022 of October 27, 2022, theManagement Board of CIECH S.A. (the "Issuer" or "CIECH")informs that today the following contracts and agreements were executedamong the Issuer, CIECH Soda Polska S.A. (hte "Subsidiary")and_#160;InowrocławskieKopalnie Soli "SOLINO_quot; Spółka Akcyjna("Solino"):

(hereinafterreferred to as the "Contracts").

Thepurpose of signing the Contracts is to ensure stable sources of brinesupplies to the production plants of the Subsidiary until the end of2035 under predictable terms and conditions, which is necessary for themaintenance of the current scale and continuity of operations by CIECHSoda Polska S.A. in subsequent years.

Theparties also agreed on the scope and principles of investment expensesin order to enable Solino to deliver full volumes of brine, includingthe Subsidiary's participation in the investment Solino at the level of2/3 of CAPEX, which is estimated by the Issuer at approx. PLN 220million, to be spread evenly over time until the end of 2026. On thepart of the Subsidiary, financing was secured by a corporate guaranteeof its parent company, i.e. CIECH, while performance and obtainingfinancing, on the part of Solino, was also secured by a corporateguarantee of its parent company, i.e. PKN Orlen S.A. The brine volumesremain at similar levels to the current levels, which allows to ensurethe continuity of operation and maintain the production scale at thecurrent level.

Legalbasis:_#160;Article17.1 of the Regulation of the European Parliament and of the Council(EU) No. 596/2014 of 16 April 2014 on Market Abuse (the Market AbuseRegulation) and repealing Directive 2003/6/EC of the European Parliamentand of the Council and Commission Directives 2003/124/EC, 2003/125/ECand 2004/72/EC).