Echo Investment S.A.

AGM Information • May 29, 2019

Pursuantto Art. 395 and Art. 399 § 1 in conjunction with Art. 4021and Art. 4022of the Code of Commercial Companies, theManagement Board of Echo Investment Spółka Akcyjna, with its registeredoffice in Kielce, hereby convenes an Ordinary General Meeting of theShareholders. The Meeting will be held on25 June 2019at12:00noon, in Warsaw at ul. Grzybowska 58, Willa Schiele Building, Floor1.

Theagenda:

1.Openingthe General Meeting.

2.Electionof the Chairperson of the General Meeting.

3.Preparationof the attendance list.

4.Determinationof the General Meeting's validity and its capacity to adopt resolutions.

5.Adoptionof the agenda.

6.Presentationof the Management Board's report on the operations of Echo InvestmentS.A. and its Group in 2018, the financial statements for the financialyear 2018 and the consolidated financial statements for the financialyear 2018.

7.Presentationof the Supervisory Board's report.

8.Adoptionof resolutions on:

1)thereview and approval of the Management Board's report on the operationsof Echo Investment S.A. and its Group in 2018;

2)thereview and approval of the financial statements for the financial year2018;

3)thereview and approval of the consolidated financial statements for thefinancial year 2018;

4)theallocation of retained financial result (profit) from previous years;

5)theallocation of profit from 2018;

6)thegranting of a vote of acceptance to members of the Management Boardconfirming the performance of their duties in 2018;

7)thegranting of a vote of acceptance to members of the Supervisory Boardconfirming the performance of their duties in 2018;

8)thedetermination of the number of members of the Supervisory Board of theCompany for a new term of office;

9)theappointment of members of the Supervisory Board for a new term of office.

9.Otherbusiness.

10.Closingthe General Meeting.

Inaccordance with Art. 4022of the Code of Commercial Companies(hereinafter referred to as the "CCC"), the Management Board herebysubmits the following information:

Theshareholders' right to request the inclusion of particular matters inthe agenda of the Ordinary General Meeting

Ashareholder or shareholders of Echo Investment S.A. representing atleast one-twentieth of the share capital of Echo Investment S.A. mayrequest that certain matters be placed on the agenda of the OrdinaryGeneral Meeting of the Shareholders. The request needs to be submittedto the Management Board of Echo Investment S.A. no later than 21 daysbefore the date of the Meeting, i.e. by 4 June 2019. The request needsto include an explanation or the draft resolutions included in theproposed agenda. The request may be submitted in electronic form, in PDFformat, sent by email to:wza@echo.com.pl.

Theshareholders' right to propose resolutions

Beforethe Ordinary General Meeting of the Shareholders of Echo InvestmentS.A., a shareholder or shareholders of Echo Investment S.A. representingat least one-twentieth of the share capital may submit draft resolutionsconcerning matters included in the agenda of the Ordinary GeneralMeeting of the Shareholders or matters that are to be included in theagenda, in writing or by electronic means of communication, in PDFformat, by sending an email to:wza@echo.com.pl.

Moreover,each shareholder may submit draft resolutions concerning mattersincluded in the agenda during the Ordinary General Meeting of theShareholders.

Exercisingthe right to vote by way of a proxy

Ashareholder who is a natural person may participate in the OrdinaryGeneral Meeting of the Shareholders and exercise their right to vote inperson or by way of a proxy.

Shareholderswho are not natural persons may participate in the Ordinary GeneralMeeting of the Shareholders and exercise their right to vote through aperson authorised to make declarations of will on their behalf or by wayof a proxy.

Inorder to be effective, the power of attorney to participate in andexercise voting rights at the Ordinary General Meeting of theShareholders must be made in writing or electronically. A power ofattorney made electronically needs not bear a qualified electronicsignature. The Instrument of Proxy Form is available on the website ofEcho Investment S.A. athttps://www.echo.com.pl/s,45,walne-zgromadzenie.htmlfromthe date of publication of this announcement.

Theshareholder's notice on the appointment of a proxy by means ofelectronic communication must be made by sending a file in PDF format tothe Company at the following email:wza@echo.com.pl.The shareholder should make every effort to allow for the effectiveverification of the validity of the power of attorney. Information onthe appointment of a proxy needs to include the details of the proxy andthe principal (indicating the name, address, telephone number and emailaddress of each of such persons or persons authorised to act on theirbehalf). Information on the appointment of a proxy sent electronicallyalso needs to include an indication of the scope of the power ofattorney, i.e. the number of shares with respect to which votes will beexercised and the date and name of the general meeting of EchoInvestment S.A. at which such votes will be exercised.

EchoInvestment S.A. shall take the appropriate actions to identify theshareholder and the proxy in order to verify the validity of the powerof attorney granted in an electronic form. Verification may include, inparticular, asking the shareholder and/or the proxy to confirm the powerof attorney and its scope in an electronic form or by telephone. EchoInvestment S.A. stipulates that in this case, no answer to the questionsasked during the verification shall be treated as a failure to verifythe power of attorney and will constitute grounds for refusal to allowthe proxy to participate in the Ordinary General Meeting of theShareholders. Upon arrival at the General Meeting and before signing theattendance list, the proxy should present the original identity cardlisted in the Instrument of Proxy Form in order to confirm the identityof the proxy.

Theright to represent the shareholder that is not a natural person shouldresult from presenting a copy of the relevant register entry upon themaking of the attendance list (submitted in the original or a copycertified to be true by a public notary, attorney at law or advocate) orpossibly a series of powers of attorney.

Theperson/persons granting the power of attorney on behalf of theshareholder that is not a natural person should appear in an up to datecopy of the entry into the register relevant for a given shareholder.

Ifa member of the Management Board of Echo Investment S.A., a member ofthe Supervisory Board of Echo Investment S.A., a liquidator, anemployee, a member of the governing bodies or an employee of asubsidiary of Echo Investment S.A. is a proxy at the Ordinary GeneralMeeting of the Shareholders, their power of attorney may authoriserepresentation at only one general meeting. The proxy must disclose anycircumstances indicating the existence of a possible conflict ofinterest with respect to the shareholder. Granting further powers ofattorney is not permitted.

Theproxy shall vote in accordance with the instructions provided by theshareholder.

Possibilityand manner of participation in the Ordinary General Meeting ofShareholders by means of electronic communication

TheStatute of Echo Investment S.A. does not contain provisions enablingshareholders to participate in the Ordinary General Meeting of theShareholders by means of electronic communication.

Expressingopinions during the Ordinary General Meeting of the Shareholders bymeans of electronic communication

TheStatute of Echo Investment S.A. does not contain provisions enablingshareholders to express their opinions during the Ordinary GeneralMeeting of the Shareholders by means of electronic communication.

Rulesof postal ballot or voting by electronic means of communication

TheStatute of Echo Investment S.A. does not contain provisions enablingshareholders to exercise their right to vote by means of electroniccommunication. Echo Investment S.A. does not have in place Regulationsof the General Meeting; for this reason, the right to vote may not beexercised by postal ballot.

Thedate of registration for the Ordinary General Meeting of the Shareholders

Thedate of registration for the Ordinary General Meeting is9June 2019(the "RegistrationDay").

Informationon the right to participate in the Ordinary General Meeting of theShareholders

Onlypersons/entities that are shareholders of Echo Investment S.A. on theRegistration Day have the right to participate in the Ordinary GeneralMeeting of the Shareholders.

Atthe request of a holder of dematerialised bearer shares of EchoInvestment S.A. that was submitted not earlier than after theconvocation of the Ordinary General Meeting of the Shareholders, i.e.not earlier than 29 May 2019 and not later than the first business dayafter the Registration Day, i.e. not later than 10June 2019,the operator maintaining the securities trading account shall issue apersonal certificate of entitlement to participate in the GeneralMeeting.

EchoInvestment S.A. hereby underlines that only those persons/entities thatwere shareholders of Echo Investment S.A. on the Registration Day i.e.on 9June 2019 and requested - not earlier than 29 May 2019and not later than 10 June 2019 - the operator of the securities tradingaccounts to issue a personal certificate of entitlement to participatein the General Meeting shall have the right to participate in theOrdinary General Meeting of the Shareholders.

Thelist of shareholders entitled to participate in the Ordinary GeneralMeeting of the Shareholders will be displayed at the seat of EchoInvestment S.A., Al.Solidarności36, 25-323Kielce,from 8.00 a.m. to5:00 p.m., three business days before the Ordinary General Meeting ofthe Shareholders, i.e. from 19 June 2019 until 24 June 2019.

Ashareholder of Echo Investment S.A. may demand that the list ofshareholders entitled to participate in the Ordinary General Meeting ofthe Shareholders be sent to them free of charge by email, providingtheir own email address to which the list should be sent. The requestshould be submitted in writing or sent by email to:wza@echo.com.pl .

Personsentitled to participate in the Ordinary General Meeting of theShareholders are requested to register and collect their voting cardsdirectly in front of the meeting hall one hour before the start of themeeting.

Conditionsof access to documentation

Inaccordance with Art. 4023§ 1 of the CCC, the documentationto be presented at the Ordinary General Meeting of the Shareholders andthe draft resolutions will be published on the website of EchoInvestment S.A. from the date of the convocation of the Ordinary GeneralMeeting of Shareholders.

Remarksof the Management Board or the Supervisory Board of Echo Investment S.A.concerning matters on the agenda of the Ordinary General Meeting of theShareholders or matters that are to be placed on the agenda prior to theOrdinary General Meeting will be available on the website of EchoInvestment S.A. immediately after being drawn up.

Anyinformation relating to the Ordinary General Meeting of Shareholders ofEcho Investment S.A. and the documentation associated with it will beposted on the Company's websie at:www.echo.com.plunderthe following link:https://www.echo.com.pl/s,45,walne-zgromadzenie.html

Correspondencerelated to the General Meeting should be directed to the email address:wza@echo.com.pl.