CIECH S.A.: Shareholders

Shareholders

The active operation of the CIECH Group on the capital market enables it to finance its key projects which are aligned with CIECH's long-term development strategy.

The capital expenditure invested in order to increase sales, research, innovation and production capacity will help the CIECH Group to join the ranks of the leaders of the global chemical sector, while CIECH's shareholders will be able to enjoy a guaranteed increase in the company's value and a stable dividend policy.

Shareholder	Number of shares	Number of votes	Share in the total number of votes	Share in the share capital
KI Chemistry S.À.R.L*	26952052	26952052	51,14%	51,14%
Nationale-Nederlanden Open Pension Fund**	3900000	3900000	7,40%	7,40%
Others	21847857	21847857	41,46%	41,46%

* in accordance with information dated 9 June 2014 provided by Shareholder under Article 77(7) and Article 69(1)(1) of the Act of 29 July 2005 on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading, and on Public Companies (CR 26/2014).

** On the basis of the list of shareholders holding at least 5% of votes at the Ordinary Meeting of Shareholders of CIECH S.A. on 28 January 2019, CR 5/2019 prepared and published pursuant to Article 70(3) of the Act on Public Offering and Conditions Governing the Introduction of Financial Instruments to Organised Trading, and on Public Companies.

About Kulczyk Investments:

Kulczyk Investments is an international investment company focused on business opportunities in high growth markets.

Since 1991, the Group has played an active role in the transformation of the Polish economy.

Kulczyk Investments is the only company of Polish origin to act globally. We are a long-term investor focused on transactions where we can add value through our local knowledge and relationships as well as our international expertise in transforming economies and access to our own capital. The company’s chosen strategic industries include energy, infrastructure, chemical industry and mineral resources.

Kulczyk Investments is headquartered in Luxembourg.