Current Report No. 22/2017

Date of preparation: 06.12.2017

Abbreviated name of the Issuer: CIECH S.A.

Subject: Final assessment and withdrawal of rating assigned by Standard and Poor’s rating agency

Legal basis: Article 17.1 of the MAR – Inside Information

Contents of the report:

The Management Board of CIECH S.A. with its registered office in Warsaw (the “Company” or “Issuer”) informs that today Standard and Poor's, a rating agency, has withdrawn its corporate rating assigned to the Company. The rating has been withdrawn at the request of the Issuer.

At the same time, the rating agency, Standard and Poor's, completed its final assessment of the Company and confirmed that the long-term rating was "BB-" with a stable outlook. The Issuer informed about the assignment of the aforementioned rating in its current report no. 43/2015 of 25 November 2015.

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) (the “MAR”).

Signatures of persons representing the Company:   

Maciej Tybura – President of the Management Board
Artur Osuchowski – Member of the Management Board