Current Report No.: 3/2019

Date of preparation: 28.01.2019

Abbreviated name of the Issuer: CIECH S.A.

Subject: Changes to the composition of the Supervisory Board of CIECH S.A.

Legal basis: Article 56 section 1 point 2 of the Act on Public Offering – current and periodic information 

Text of the Report:

The Management Board of CIECH S.A. (the “Company”) herewith informs that on 28 January 2019, the Extraordinary Meeting of the Company appointed Mr Marek Kośnik as a new member of the Supervisory Board of the Company.

Mr Marek Kośnik’s CV

A graduate of the Faculty of Management at the University of Warsaw and MBA studies at Harvard Business School. 

Mr Marek Kośnik works in a private equity fund – CVC Capital Partners – as a Senior Managing Director with responsibility for assessing investment projects, supervising the portfolio and implementing digital strategies. In the past, he worked for such companies as Bain & Company, Terra Firma Capital Partners and McKinsey & Company. He has gained experience in building company strategies, investment processes, restructuring and digital transformations. An investor in new technologies projects.

According to the submitted declaration, Mr Marek Kośnik does not conduct any activity in competition to CIECH S.A.; he does not participate in a company competitive to CIECH S.A. as a partner in a registered partnership, general partnership or as a member of a governing body of a company with a share capital, or as a member of a governing body in any other competitive legal entity. He has not been entered in the Register of Insolvent Debtors maintained pursuant to the Act on the National Court Register of 20 August 1997.

According to the submitted declaration, Mr Marek Kośnik meets the criteria of independence within the meaning of Annex II to Recommendation of the European Commission 2005/162/EC of 15 February 2005.

Legal basis: § 5 point 5 of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information provided by issuers of securities and conditions for recognising as equivalent information required by the laws of a non-member state (Journal of Laws of 2018, item 757) (the “Regulation”).

Signatures of the Company’s representatives:

Dawid Jakubowicz – President of the Management Board 

Artur Osuchowski – Member of the Management Board