Ciech S.A.

Report Publication Announcement • Apr 27, 2018

Contents of the Report:

The Management Board of CIECH S.A. with itsregistered office in Warsaw (the “Company” or “Issuer”), with referenceto current report no. 19/2017 of 23 Nov. 2017, informs that today adecision has been made to proceed with the implementation stage of asignificant investment. The subject matter of the investment is theconstruction of an evaporated salt production plant in Germany, in thetown of Stassfurt (the “Investment”). The investment is beingimplemented by a subsidiary of the Issuer – CIECH Soda DeutschlandGmbH&Co.KG. in Germany (the “CSD”).

As part of the preparation stage of the investment, atender procedure was implemented, inter alia, for the delivery of keytechnology and the supplier of this technology has been selected andpublic aid was obtained from German administration authorities amountingto EUR 11.25 million.

The value of the investment is estimated at about EUR100 million, and the approximate time of its implementation is 2 to 3years. The estimated production capacity of the plant is approx. 450thousand tons of salt per annum.

The investment will be financed with the funds of theCIECH Group and available external financing, including funds obtainedby CSD as part of public aid. The effects of completed investment willhave a significant impact on the consolidated financial results of theCIECH Group.

Regardless of the decision to proceed to theimplementation stage, CSD expects to obtain the appropriateadministrative decisions necessary for the further implementation of theInvestment.