Echo Investment S.A.

AGM Information • Jul 22, 2020

CURRENT REPORT No. 21/2020

A shareholder proposes draft resolutions on mattersincluded on the agenda of the Ordinary General Meeting of Shareholders

With reference to Current Report No. 20/2020 of 17 July2020 on the convocation of the Ordinary General Meeting of Shareholdersof Echo Investment S.A., the Management Board of Echo Investment S.A.with its registered office in Kielce (the "Company")announces that on 22 July 2020, the Management Board received a requestpursuant to Article 401 § 1 of the Commercial Companies Code by LisalaSp. z o.o. with its registered office in Warsaw (the "Shareholder"),i.e. a shareholder representing at least 1/20 of the share capital, toinclude certain matters on the agenda of the forthcoming general meetingof shareholders.

The Shareholder requests an amendment to item 8 of theagenda of the Ordinary General Meeting of Shareholders by way ofamending one of the current subitems and adding the following newsubitems to the agenda:

8. Adoption of resolutions on: (...)

7)theappointment of Ms. Margaret Dezse as a member of the Supervisory Boardmeeting the independence criteria set out for members of auditcommittees in the Act of 11 May 2017 on Statutory Auditors, AuditingFirms and Public Supervision;[amended item of the agenda]

8)therevocation of Mr. Stefan Kawalec from the Supervisory Board of theCompany[new item of the agenda]

9)theappointment of Mr. Sławomir Jędrzejczak as a member of the SupervisoryBoard meeting the independence criteria set out for members of auditcommittees in the Act of 11 May 2017 on Statutory Auditors, AuditingFirms and Public Supervision;[new item of the agenda]

In relation to item 8 subitems 7 and 9, the Shareholderalso proposes Margaret Dezse and Sławomir Jędrzejczak as candidates forindependent members of the Supervisory Board.

The new agenda, including the amended and new items aswell as the draft resolutions is attached as Schedules 1 - 4 to thisCurrent Report.

The professional resumes of the proposed candidates forSupervisory Board members are attached hereto as Schedules 5 and 6,respectively.