Contentsof the report:

Inreference to current report no. 1/2018 of 9 January 2018 on theconclusion of an amendment to the Facilities Agreement*, the ManagementBoard of CIECH S.A. with its registered office in Warsaw (the "Company"or "Issuer"), herewith informs that in connection with thefulfilment of the conditions precedent and arrangements concerning theentry into force of the SFA Amendment Agreement, the changes to theFacility Agreement, as introduced by the aforementioned annex, becameeffective today.

The mostimportant changes effected under the SFA Amendment Agreement include:

1.theextension of the maturity of the term and revolving facilities providedunder the Facilities Agreement from 25 November 2020 until 31 December2022;

2.achange of the outstanding amounts under the term facility provided underthe Facilities Agreement by changing the share of the amounts disbursedin PLN and in EUR from PLN 1,045,031.446.54 and EUR 69,673,222.19 to PLN1,212,519,888.66 and EUR 30,000,000.00, respectively; and

3.achange in the repayment schedule of the term facility provided under theFacilities Agreement by replacing it with depreciation of the termfacility amounting to 26.12% of the original amount lent on 30 December2021 and 26.12% of the original amount lent under the term facility on30 September 2022, and the repayment of the remaining amount of the termfacility on 31 December 2022.

Theexecution of the SFA Amendment Agreement will not result in a change ofthe interest rate applicable to the facilities provided thereunder.

*In this report, any capitalised terms have meanings assigned to them incurrent report no. 1/2018 of 9 January 2018.