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Echo Investment S.A.

M&A Activity • Jun 4, 2018

5590_rns_2018-06-04_84f6a2aa-1c21-48fe-a9b8-d3bc8d18046b.html

M&A Activity

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Currentreport No. 23/2018

Saleof shares in Echo Polska Properties N.V.

Inrelation to current report No. 17/2017, the management board of EchoInvestment S.A. (the "Issuer") hereby announces that on 4June 2018, its subsidiary, Echo Prime Assets B.V. (the "Company"),receivedan offer regarding a sale of18,100,000shares(the "Shares") inEchoPolska Properties N.V. ("EPP"),with the contemplated settlement of the sale of the Shares (includingthe receipt of the price for the Shares) scheduled to take place nolater than on7 June 2018,and afterwards confirmed the terms of the sale of the Shares. The priceof the Shares, less the transaction costs, amounts to EUR20,815,000.

Inrelation to the sale of the Shares, all of the other32,574,354shares in EPP held by the Company will beclassified by the Issuer in its financial statements as assets held forsale.

Legalbasis: Art. 17 section 1 of the MAR - confidential information