Ciech S A : All conditions of the preliminary agreement for the sale of shares in CIECH Żywice Sp. z o.o. have been fulfilled.

The Management Board of CIECH S.A. (the 'Issuer' or 'Company') herewith informs that on 11 January 2021, the Management Board was advised on the fulfilment of all conditions precedent, including the condition for LERG S.A. to obtain consent of the UOKiK (Office of Competition and Consumer Protection) to carry out the concentration, as specified in the preliminary agreement for the sale of shares in CIECH Żywice Sp. z o.o., concluded with LERG S.A. with its registered office in Pustków-Osiedle, and regarding the sale of 74,677 shares, accounting for 100% of shares in the share capital of Ciech Żywice Sp. z o.o. ('CIECH Żywice', the 'Preliminary Agreement' and the 'Transaction' respectively).

The scheduled date for closing the Transaction and settling the sale price is the end of February 2021, unless the parties to the Transaction agree otherwise.

This Current Report makes reference to Current Report No. 34/2018 of 5 December 2018, in which the Company informed on the adoption of the Strategy, Current Report No. 8/2019 of 19 March 2019, in which the Company informed on the commencement of a detailed review of options for changes in the corporate and organisational structure and in the structure of assets of the CIECH Group, Current Report No. 42/2019 of 11 October 2019, in which the Company advised on the commencement of the review of strategic options, relevant to the Resins business area, Current Report No. 45/2019 of 31 October 2019, in which the Company informed on the adoption by the Issuer's direct subsidiaries, CIECH Sarzyna S.A. ('CIECH Sarzyna') and CIECH Żywice of a plan of the division of CIECH Sarzyna by transferring the Resins business area to CIECH Żywice, Current Report No. 47/2019 of 25 November 2019 on the adoption of the concept of reorganisation of the CIECH Group, Current Report No. 1/2020 of 2 January 2020 on the registration of the division of CIECH Sarzyna, and Current Report No. 26/2020 of 20 July 2020 on the disclosure of delayed inside information on the commencement of negotiations with a perspective investor for the sale of CIECH Żywice, and Current Report No. 27/2020 of 20 July 2020, in which the Company informed on the conclusion of the Preliminary Agreement, following the consent of the Supervisory Board of the Issuer given on 20 July 2020, with LERG S.A. with its registered office in Pustków-Osiedle.

Legal basis: Article 17.1 of the Regulation of the European Parliament and of the Council (EU) No. 596/2014 of 16 April 2014 on Market Abuse (the Market Abuse Regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (Official Journal of the European Union L No. 173, p. 1).