Publication of confidential information concerning completion of the transaction of purchase of shares in Rosehill Investments sp. z o.o.

Pursuant to Article 17 section 1 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC (the “MAR”), the management board of Echo Investment S.A. (the “Company”) hereby discloses the following confidential information. In reference to report No. 4/2017, the management board of the Company hereby announces that on 31 May 2017, in result of execution of the SPA referred to in report No. 4/2017 and in connection with the representation of Echo Prime Assets B.V. (“EPA”), a wholly owned subsidiary of the Company, regarding the assumption of rights and duties of the Company under the SPA, EPA and Echo Polska Properties (Cyprus) PLC (“EPPC”), a company in the Echo Polska Properties N.V. group (jointly the “Purchasers”), acquired from Broomfield Investments, Catfield Investments sp. z o.o., Powell Real Estate International B.V., Taberancle Limited, Taberancle Investments Limited and Elsoria Trading Limited (jointly the “Sellers”) 100% of shares in the share capital of Rosehill Investments sp. z o.o. (“Rosehill”), which owns indirectly, through its wholly-owned subsidiary, i.e. Berea sp. z o.o. (“Berea”), a real property located in Warsaw, in the district of Bielany, in the vicinity of ul. Zgrupowania AK “Kampinos” (the “Property”) (hereinafter jointly the “Transaction”). The construction of a shopping center called “Galeria Młociny” has been commenced on the Property. Under the closing of the Transaction, the transfer of 10,000 shares in the share capital of Rosehill representing 100% of Rosehill"s share capital took place (the “Shares”), of which 3,000 was acquired by EPA constituting 30% of all the shares in the share capital of Rosehill in exchange for 30% of the Financing (as defined in report no. 4/2017). Following the verification by an auditor of the underlying values used by the parties to the SPA to determine the price, the final purchase price of 30% of the Shares was established at EUR 6,569,010.00 (the “Purchase Price”). Within the scope of the closing of the Transaction, besides the Purchase Price, EPA repaid 30% of the loans granted to Rosehill by certain of the Sellers, which jointly amount to EUR 5,946,883.91. Legal basis: Art. 17 section 1 MAR – confidential information