Contents of the report:

TheManagement Board of CIECH S.A. with its registered office in Warsaw (the"Company") would like to advise that on 4 December 2018 theCompany received a shareholding disclosure notice from TowarzystwoFunduszy Inwestycyjnych PZU S.A. with its registered office in Warsaw.The contents of the said notice, together with its translation, areprovided by the Company as attachment to this report.