Notification of transaction on Issuer’s securities

The Management Board of Echo Investment S.A. (hereinafter referred to as the Issuer) hereby reports that on the 20th of October 2014 the Issuer received a notification on the basis of which a person performing a management function in the Issuer"s organization structure and having access to confidential information reported purchase transactions concerning Echo Investment S.A. shares the total value of which exceeded EUR 5,000. The purchase transactions were concluded on the regulated market in the continuous trading system:

• on the 30th of May 2014 – the purchase of 639 shares at the average price of PLN  6.11 per share;
• on the 2nd of June 2014 – the purchase of 461 shares at the average price of PLN 6.30 per share;
• on the 3rd of June 2014 – the purchase of 1,385 shares at the average price of PLN 6.39 per share;
• on the 6th of June 2014 – the purchase of 750 shares at the average price of PLN 6.59 per share;
• on the 17th of October 2014 – the purchase of 1,515 shares at the average price of PLN 6.1 per share.

The informer requested their personal details be withheld, referring to the content of §3 (2) of the Decree by the Minister of Finance dated the 15th of November 2005 on passing and making accessible information on certain transactions in financial instruments and rules of making and conducting lists of persons having access to certain confidential information. Legal basis: article 160 (4) of the act on trade in financial instruments of the 29th of July 2005.