Echo Investment S.A.

M&A Activity • Oct 21, 2021

The Management Board of Echo Investment S.A. (Issuer)in relation to the current report No 30/2019 dated 14 August 2019informs that on 21 October 2021 the Issuer, as the buyer (Buyer),MBP 1 sp. z o.o. with its registered office in Warsaw, member ofImmofinanz group, as the sellers (Seller,with the Buyer and theSeller jointly referred to as theParties), concluded agreementfor the sale of real properties located in Warsaw which are in perpetualusufruct by the Sellers (Agreement).

On the basis of the concluded Agreement the Buyershall acquire the Seller's real estate and other assets, including inparticular the right of perpetual usufruct to the plots of land locatedin Warsaw in the area of Domaniewska, Wołoska and Postępu Streets, theownership right to the office buildings and structures erected on thisland.

The total area of the real estate being the subjectof the transaction is 46,147 square meters.

The value of the transaction at the conclusion of theAgreement was PLN 221,612,325.00 increased by due VAT.

The provisions of the Agreement do not differ fromthe provisions used in these types of transactions. The Agreementcontains standard provisions for this type of transaction regardingrepresentations and warranties of the seller and the buyer and regardingthe Parties' liability.