Sale of shares in Echo Polska Properties N.V.
In relation to current report No. 17/2017, the management board of Echo Investment S.A. (the “Issuer”) hereby announces that on 11 June 2018, its subsidiary, Echo Prime Assets B.V. (the “Company”), received information on an offer regarding a sale of 10,000,000 shares (the “Shares”) in Echo Polska Properties N.V. (“EPP”), with the contemplated settlement of the sale of the Shares (including the receipt of the price for the Shares) scheduled to take place no later than on 13 June 2018, and confirmed the terms of the sale of the Shares. The price of the Shares, less the transaction costs, amounts to EUR 11,504,000. In relation to the sale of the Shares, all of the other 22,574,354 shares in EPP held by the Company will be classified by the Issuer in its financial statements as assets held for sale. Legal basis: Art. 17 section 1 of the MAR – confidential information