Purchase of shares 
Current report no : 65/2008 
Report date : 10/13/2008 
Abbreviated name : Ciech SA 
Subject : Purchase of shares 
Legal basis : Article 70 point 1 of the Act on Public Offering – acquisition or disposal of a significant block of shares  

Report :

The Management Board of CIECH S.A. hereby notifies that, on 13 October 2008, it received the following information:

"Pioneer Pekao Investment Management SA (PPIM), executing the agreement for the management of the funds' investment portfolio concluded between Pioneer Pekao Towarzystwo Funduszy Inwestycyjnych S.A. and PPIM and acting pursuant to Article 87 section 1 point 2 (a) of the Act of 29 July 2005 on public offering and the conditions of introducing financial instruments to an organized system of trading and on public companies [Journal of Laws of 2005 No. 184, item 1539], announces on behalf of the investment funds listed below:

1. Pioneer Akcji Polskich Fundusz Inwestycyjny Otwarty,
2. Pioneer Aktywnej Alokacji Fundusz Inwestycyjny Otwarty,
3. Pioneer Fundusz Inwestycyjny Otwarty,
4. Pioneer Stabilnego Wzrostu Fundusz Inwestycyjny Otwarty,
5. Pioneer Małych i Średnich Spółek Rynku Polskiego Fundusz Inwestycyjny Otwarty,
6. Pioneer Średnich Spółek Rynku Polskiego Fundusz Inwestycyjny Otwarty,
7. Pioneer Zrównoważony Fundusz Inwestycyjny Otwarty,
8. Specjalistyczny Fundusz Inwestycyjny Otwarty Telekomunikacji Polskiej

that the commitment of the above investment funds has increased up to a 18,52% threshold of the total number of votes at the General Meeting of Shareholders of the company: CIECH S.A. as regards financial instruments being part of the portfolios of the said investment funds managed as part of the management service of the management of the funds' investment portfolio by PPIM.

Concerns the Pioneer investment funds created by Pioneer Pekao Towarzystwo Funduszy Inwestycyjnych S.A.

Type of event:

acquisition of ownership right through the purchase of shares

Date of event:

09.10.2008

Company:

Ciech SA

Registered office:

ul. Puławska 182; 02-670 Warszawa
     fax 022 639 14 51; 639 15 87

Ownership status before the change in share:

Number of shares:

5 150 455

Percentage share in the Company share capital:

18,39%

Number of votes from the shares held:

5 150 455

Percentage share in the number of votes at the General Meeting:

18,39%

Ownership status after the change in share:

Number of shares:

5 184 274

Percentage share in the Company share capital:

18,52%

Number of votes from the shares held:

5 184 274

Percentage share in the number of votes at the General Meeting:

18,52%

Notes:
The Pioneer investment funds mentioned above are the shareholders who hold together the indicated number of votes at the General Meeting. Portfolios of Pioneer investment funds constitute a subgroup of all the portfolios of PPIM's Customers.

Further investment decisions will be made based on a fundamental analysis of the company. Moreover, the orders of the funds participants, in particular inbound and outbound payments and conversions, may affect decisions concerning the purchase or sale. Investment in the company mentioned above aims at increasing value of portfolios managed by Pioneer Pekao Investment Management SA."


Signatures of the Company’s Representatives : Ryszard Kunicki – President of the Management Board