Echo Investment S.A.

Earnings Release • Jan 10, 2022

Informationon_#160;apartments sales and_#160;hand overs

The ManagementBoard of_#160;Echo Investment S.A. hereby reports information on_#160;numberof_#160;apartments sold and_#160;handed over by Echo Investment Group.

Developmentcontracts and preliminary sales contracts concluded

- 406 contractsconcluded in_#160;Q4 2021, compared to_#160;464 contracts concluded in_#160;Q4_#160;2020;

- 1 680 contractsconcluded in_#160;2021, compared to_#160;1 570 contracts concluded in_#160;_#160;2020.

Numberof_#160;units handed over to_#160;clients

- 1 006apartments handed over in_#160;Q4 2021, compared to_#160;792 apartments handedover in_#160;Q4_#160;2020;

- 1 622apartments handed over in_#160;2021, compared to_#160;1 505 apartments handed overin_#160;2020

Apartment forrent segment results

- 1_#160;497apartments for rent started in 2021, compared to 310 apartments startedin 2020,

- 834 apartmentshanded over to Resi4Rent group companies in 2021, compared to 946apartments handed over in 2020.

The above datadoes not include apartments sold and handed over to customers byArchicom S.A. group, on which Echo Investment S.A. has control since 22April 2021. The Echo Investment's Management Board estimates thatapproximately 1,090 apartments handed over to clients by Archicom S.A.will be reflected in consolidated results of 2021.

Legal basis: Art.17 section 1 MAR - confidential information.