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Current report no.: 30/2018

Extension of the deadline for determining a price formula for the supply of process steam to a subsidiary of the Issuer

Current report no. [30/2018]

Date of preparation: 27.11.2018

Abbreviated name of the Issuer: CIECH S.A.

Subject: Extension of the deadline for determining a price formula for the supply of process steam to a subsidiary of the Issuer

Legal basis: Art. 17. 1 of the MAR – inside information Contents of the Report: In reference to current report no. 37/2016 of 18.11.2016, the Management Board of CIECH S.A. with its registered office in Warsaw (the “Issuer” or the “Company”) hereby informs that on 27.11.2018, a subsidiary of the Issuer - CIECH Soda Romania S.A. based in Romania (“CSR”), entered into an annex (the “Annex”) to an agreement for the supply of process steam (the “Agreement”) with S.C. CET Govora S.A. in composition bankruptcy based in Romania (“CET”).

Pursuant to the Annex, the Parties extended the deadline for the completion of negotiations related to the determination of the price formula for the supply of process steam until 31 December 2018. Pursuant to the Agreement, which was notified by the Issuer on 18.11.2016 in current report no. 37/2016 on November 18, 2016, the Parties agreed that the price of the steam for 2019-2026 will be determined based on the price formula, as a result of negotiations, on or before 01.12.2018. In the event of failure to determine the price formula on or before 01.12.2018, the Parties provided for the termination of the Agreement by law as of 01.01.2019.

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:

Dawid Jakubowicz – pp. President of the Management Board
Artur Osuchowski – Member of the Management Board


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