Current Report No.: 27/2019

Date of preparation: 25.07.2019

Abbreviated name of the Issuer: CIECH S.A.

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

Subject: Correction of the Annual Report of CIECH S.A. for 2018 and the Consolidated Annual Report of the CIECH Group for 2018

Contents of the Report:

The Management Board of CIECH S.A. with its registered office in Warsaw (the "Company" or "Issuer") in reference to Current Report No. 24/2019 dated 27 June 2019, in which it reported the need to create a provision for tax liabilities, interest and a write-down of deferred tax assets, provides an information on the adjustment of the Annual Report of CIECH SA. for 2018 and Consolidated Annual Report of the CIECH Group for 2018.

As part of the Consolidated Annual Report of the CIECH Group for 2018, changes were introduced to:
(i) selected financial data, (ii) Consolidated financial statements of the CIECH Group for 2018 and (iii) Management Board Report on activities of the CIECH Group and CIECH S.A. for 2018. The scope of changes is described in the attachment to this report.

Due to the changes made to selected financial data and the above-mentioned statements, the following documents, forming a part of the Consolidated Annual Report of the CIECH Group for 2018, were prepared again:

1. CIECH Group Independent Registered Auditor’s Report on the audit of consolidated financial statements of the CIECH Group for 2018,
2. assessment by the Supervisory Board of CIECH S.A. of the Management Board Report on activities of the CIECH Group and CIECH S.A. in 2018, the Financial statements of CIECH S.A. for 2018 and the Consolidated financial statements of the CIECH Group for 2018,
3. representation of the Supervisory Board on the Audit Committee and on the policy for selection of an audit firm,
4. information from the Management Board of CIECH S.A. prepared on the basis of the representation of the Supervisory Board of CIECH S.A. on the qualified auditor of financial statements.

Due to the form of preparing of the Management Board Report on activities of the CIECH Group and CIECH S.A. for 2018 and documents indicated in points 2 - 4, these documents are at the same time an element of the Annual Report of CIECH S.A. for 2018. Therefore, the Annual Report of CIECH S.A. for 2018 is corrected in the part concerning documents indicated in the sentence above.

The company will submit the adjusted Annual Report of CIECH S.A. for 2018 and Consolidated Annual Report of the CIECH Group for 2018 with all attachments.

Legal basis: § 15 section 4 of the Regulation of the Minister of Finance of 29 March 2018 on current and periodic information delivered by issuers of securities and on conditions of recognition of information required under non-member state law regulations as equivalent (Journal of Laws of 2018, item 757) (hereinafter referred to as “the Regulation”). 

Signatures of the persons representing the Company: