Echo Investment S.A.

M&A Activity • Oct 16, 2019

Signing of the preliminaryshare purchase agreement relating to the acquisition of 100% of theshares in the majority shareholder ofEchoInvestment S.A.

The Management Board of Echo Investment S.A. (theCompany) hereby reports that today the Company received notificationfrom Echo Partners B.V. (Seller) and WING IHC Zrt whose registeredoffice is at 1095 Budapest, Máriássy utca 7, Hungary (Buyer), that on 16October 2019, the Seller and the Buyer entered into a preliminary sharepurchase agreement relating to the acquisition of 100% of the shares inLisala sp. z o.o., which, according to the notification, holds230,930,856 shares in the Company constituting 55.96% of the sharecapital of the Company (Transaction).

Pursuant to the notification, thecompletion of the Transaction is conditional on the obtainment of adecision of thePresident of the Office of Competition (Prezes Urzędu OchronyKonkurencji i Konsumentów) and Consumer Protectiongranting consent to the carrying out of the concentration consisting ofthe Transaction.

Pursuant to the notification,upon the completion of the Transaction, the parties will submit therelevant notifications pursuant to Article 69 et seq. of the Act of29 July 2005 on the Public Offer and the Conditions for IntroducingFinancial Instruments to the Organized Trading System and PublicCompanies and meet other information obligations as may be required bythe relevant provisions of law.