The Management Board of CIECHS.A. (the _quot;Company_quot;) informs that on_#160;11.04.2022, it adopteda_#160;resolution containing its recommendation to_#160;the Annual General Meetingof the Company,to be held on 28.04.2022, on_#160;the manner of allocation theCompany's net profit of PLN 133 206 455,08 (in words: one hundred andthirty three million two hundred and six thousand four hundred andfifty-five 08/100 zlotys) (the "Profit") in fulltothe supplementary capital of the Company.

The recommendation of theManagement Board of the Company regarding the allocation of net profitfor 2021 to the supplementary capital is justified by the ongoinganalysis of the available capital allocation options, including byfocusing on selective M_amp;A processes._#160;

At the same time, theManagement Board of the Company informs that it intends to_#160;request theSupervisory Board of the Company to_#160;evaluate the motion addressed to_#160;theAnnual General Meeting of the Company, regarding the allocation ofprofit for 2021, in accordance with this recommendation of theManagement Board of the Company._#160;

The Management Board of theCompany provided information on the convening of the AnnualShareholders' Meeting in its current report no. 6/2022 of 1 April 2022._#160;_#160;_#160;

Legal basis:_#160;Article17.1 of the Regulation of the European Parliament and of the Council(EU) No. 596/2014 of 16 April 2014 on_#160;Market Abuse (the Market AbuseRegulation) and repealing Directive 2003/6/EC of the European Parliamentand of the Council and Commission Directives 2003/124/EC, 2003/125/ECand 2004/72/EC (Official Journal of the European Union L No. 173, p. 1)and § 19 section 1 point 2 of the Regulation of the Minister of Financeof 29 March 2018 on current and periodic information provided by issuersof securities and conditions for recognising as equivalent informationrequired by the laws of a non-member state.